Policy concerning responsible loaning
Applications go through an approval process to ensure the applicant has the means to fully reimburse their loan. This process may include, among others, verifying that your salary will cover loan expenses, that you haven’t missed too many payments in the past, and that you don’t have a large amount of short term loans already under way. Because of this obligation, we reserve the right to refuse applicants.
If any payments are refused from your banking institution, for insufficient funds or any other reason, You will be charged a NSF fee of $45
This situation will not affect your credit score with any credit agencies.
Our collection department uses work methods you can rely on. If you miss a payment, our collection officers will reach out to you to advise you of missed payments and, if necessary, make additional payment arrangements at their sole discretion. When you miss a payment, interest on the capital borrowed continues to accumulate.
Lending companies partnering with us offer an approximate annual interest rate of 28% to 32%. If unpaid, the applicable interest rate is 2,66% per month (32% per year).
Our minimum loan amount is $500 up to $1000 maximum.
NO loan is automaticly renewed, the customer need to ask for a new loan.
Repayment delay of our loans is from is between 12 weeks up to 18 weeks
Your loan : $500 reimbursment every week with 12 installment, each payments will be $127.67 by payment for a total amount of $760.00.
This information is given as an example only and considers the brokerage fees to be added to the borrowed capital.
Be responsible !
Used responsibly, short term loans may be the right solution for you.
However, short term loans have higher rates of interest and fees than loans obtained through a local chartered financial institution. This type of service should be used as infrequently as possible or in the case where no other alternative solution, at lower rates of interest, are available to you.Taking out several loans of this nature will burden you with debt and lead to serious financial trouble.