FAQs

All the answers you need

Less-than-perfect credit will not necessarily prevent you from receiving a loan from Credit Club. We might ask you for additional information in order to see if you qualify for a loan.

Yes, you can cancel your loan within two business days of the issue date without any cost or fees — simply return the principal. To cancel your loan, call Customer Service at 1-866-825-1164 Monday through Friday from 8:30 AM to 4:30 PM ET or email us at info@creditclubloans.com.

Credit Club does not process any credit checks.

To be considered for approval, you must:

  • Have an active bank account
  • Be at least 18 years of age
  • Be currently employed for more than three months with the same employer
  • Be a resident of Ontario or British Columbia

Your due date will normally be on your next payday or 14 days from the date the funds have been deposited into your bank account.

Once you have been approved for a loan we will notify you by email.

New customers may qualify for up to $500. Credit Club members can receive up to $1,500.

The funds will usually be deposited in your bank account the next business day. If you apply Friday, Saturday or Sunday, the funds will be deposited on Monday unless it is a holiday.

***Transfers registered by 11am (eastern time) are deposited the same day. Deposit time may vary depending on your financial institution. Some Banks will deposit the funds around midnight. Returning customers may ask to have the funds sent by interac email money transfer for same day deposit. Interac email money transfers can be requested from 11am to 4pm eastern time.

No. We do not offer refinances or offer new loans to pay off existing payday loans.

We will send an email three days prior to your due date reminding you that your loan is coming due. Your bank account will be automatically debited on the due date, so there's no need to send payment by mail.

If your payment is received after the due date, it will be considered late, and you might be charged an NSF fee.

Yes. You can pay off your loan any time before your due date without extra fees or penalties.

The next business day.

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At Credit Club we are dedicated to providing you with a solution to meet your immediate money needs right from the privacy of your home.

Online Loans Across Canada

Credit Club is proud to offer loans online to the residents of Ontario and British Columbia. Citizens of Toronto or Ottawa can apply online from the comfort of their home and receive the funds usually the same business day. Canadians from Vancouver and Victoria know they can be approved even if they have less-than-perfect credit. Citizens of Hamilton and Mississauga can apply online in minutes and get instant approval.

APR Disclosure

APR varies from 90% to 390% for a term of 14 to 62 days for first time customers. For further details on APR, please refer to the FAQs and Pricing.

Implications of non payment

Financial Implications - If a pre-authorized withdrawal is returned to Credit Club for any reason, including but not limited to "NSF" or "account frozen," it will be considered as a non-payment. In these cases you might be charged an NSF fee. You may also incur an overdraft charge from your bank. In addition, an annualized interest of 30% will accrue from the loan repayment date up to and including the eventual repayment date.

Collection Activity - We may attempt to collect any delinquent amount through our standard collection practices, which include contacting you by phone, mail or email. Our collection agencies recover monies owed to us in a professional manner and in keeping with all lawful collections practices.

Impact on Your Credit Score - If you do not repay your loan to Credit Club, your credit score may be negatively affected.

Renewal of your Loan ? Credit Club does not offer automatic renewals on its payday loans.

Do you have a bad credit ? Credit club has the solution for you.

No unnecessary paperwork
Quick application process
No faxing required
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Need help ?
Call us now and our customer service will take care of you. 1-866-825-1164

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