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With payday loans the loan term is usually between two weeks and a month and the amount you can borrow varies according to the lending firm.
Use the table below to compare different payday loans against each other. Mogo Money is a unique line of loans designed to help Canadians get out of high interest debt.
If for whatever reason youre not satisfied with the loan, the 100-day money-back guarantee has you covered.
To qualify you must have a credit score of at 500, earn ,000 gross per annum, and be employed for 30 days.
Make sure you know the pros and cons of taking out a loan with both a lender or a broker before you apply.
This means that you do not have to give up an asset as security for the loan.
It is also really important to make sure that you pay the loan back on time as there are often penalty charges for late payment.
Defaulting on a payday loan can also affect your credit rating negatively.
My Canada Payday staff are very helpful and their loan application process is extremely quick and easy. Totally Online Application Process You can apply 24 hours a day, 7 days a week! Most payday loans can only provide you with up to 00 but this amount can vary as can the length of time that you borrow for.
Payday Loans dont have a great reputation because the interest on these loans is usually very high when compared to other types of loans.
Payday loans should ideally be used only as a last resort.