compare loan providersPayday Loans FAQ & Testimonials

What is a payday loan?

A payday loan is a small, short-term loan that is intended to provide just enough money to help take you through until your next payday. Payday loans are typically loans with a value of $1500 or less for a term of 62 days or less. Typically, these loans are used for short-term periods.

Is a payday loan the right option for me?

When used responsibly, this type of loan can be extremely helpful to provide financial assistance in a very short amount of time. Some common uses are:

  • to pay bills;
  • to help cover sudden and urgent expenses;
  • to ensure a cheque will not bounce.

The Sears Great Canadian Chill Community

bestloansreviews reviewWe really appreciate the ability to get financial support any time we need: from urgent cash at night to extra money on Cyber Monday. Ugg boots are the most popular item we work with, so it is important for us don’t lose the chance to buy Black Friday uggs or uggs Cyber Monday. Such events give us a great possibility to feel all the advantages of payday loans and we are thankful to that they provide the best lending solutions ever.
Our company is perfectly satisfied with loan services we get and we are going to use more than once for as usual buying uggs (Black Friday is coming soon) or in the case of any financial problem. We sincerely advise you to use for solving any money issues.

What payday loan company should I choose?

It is worth to look through the best loans reviews to find the most suitable service for you. When choosing which payday loan company you will use, it is important to consider both whether:

  • The company practices responsible for lending;
  • You will use the payday loan responsibly.

How do companies practice responsible lending?

All companies try to ensure you are not taking more than you are able to repay. Your first loan amount will not exceed 30% of your net income. Once you have consistently repaid your loans on time, you will become an established customer and your loan limit may be increased. The amount you are able to borrow will always depend on the amount of your net income.

All services will always send their customer a reminder email two full days prior to their repayment date. This is sent so that arrangements can be made to ensure the funds will be available and avoid NSF charges from the bank. A reminder will also be sent on the actual repayment date.

You can always be assured that there will never be any hidden costs of fees with companies from our list. We are very upfront about our fees, and they are also displayed on our website, with nothing to hide.

Community Payday from Crunchbase Website

bestloansreviews reviewAs we work with payday loans regularly, we could safely say that is in one of the best and the most secured way to get the necessary amount of money as soon as possible. A lender goes above and beyond in ensuring all customer information is collected and kept completely confidential. Payday customer service representatives are able to address your questions or concerns, via email, online chat, and phone.
Don’t be afraid if you have never used payday loans before. When you apply for urgent money, it doesn’t mean that you should definitely receive it. You can agree or refuse the loan after getting the loan agreement. In general, payday loans are a really good decision to address the problems temporarily and cover all your needs just now.

Lenders will only enter into a business relationship with those who have the means to handle the costs and conditions of this type of loan. They will not loan to those who are receiving a pension, disability, Employment Insurance Benefits, on Maternity or medical leave, paid by commission only, substitute teachers, and independent contractors as their financial stability is uncertain. Many other Payday Loan lenders have been accused of “preying” on these groups of people.

How can I ensure I am using my payday loan responsibly?

  • Be sure to understand all fees and charges associated with any form of credit before making your choice.
  • Never use this short term solution for a long term financial challenge.
  • Never borrow more than you know you will be able to pay back, in full, on your scheduled repayment date.
  • Never borrow money from a company that does not disclose responsible lending practices.
  • Choose a company who provides world-class customer service, where your best interest clearly comes before making a profit.

What if my financial obligations become overwhelming?

If you are having difficulties repaying your financial obligations on time repeatedly, attempt to lessen the amount you borrow from your payday lender or consider another source of credit to assist with your long-term obligations.

You may also wish to speak to a credit counselor to assist with the difficulties you may be facing.