Financial tips

As a responsible lender, Credit Club wants you to understand the risk associated with payday loans. Our goal is to provide you with the money you need in order to meet some financial obligations. These loans should not be used for personal consumption. We want to help you have access to credit by offering an alternative to traditional banking but we also feel it is our duty to mention that payday loans might not be the best solution for you.

Are Payday Loans Right For Me?

You should use a payday loan only if you have a short-term cash flow problem. It can be for various reasons including unexpected bills, emergency repair or rent. You should not use a payday loan if you usually have financial problems every month and cannot reasonably expect to repay your loan on the next payday.

Credit Club encourages you to make a budget by calculating your income for a given month as well as your expenses in order to know if a payday loan is right for you. To help you make an informed decision, we recommend using our payday loan calculator to estimate the total cost of borrowing. We will not lend you money if we think you cannot pay it back.

For more information please email us at [email protected]

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Lender licence

Ontario 4726568

British Columbia 64068

Nova Scotia 222985929

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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.

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Online Payday 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.

Understanding our loan fees

Ontario and British Columbia : We charge $15 per $100 borrowed. Example of the total cost of the loan, for a $300 loan the cost of borrowing will be $45 and the payback amount $345.

Nova Scotia : We charge $15 per $100 borrowed. Example of the total cost of the loan, for a $300 loan the cost of borrowing will be $45 and the payback amount $345.

Annual Percentage Rate Disclosure

Ontario and British Columbia : Annual Percentage Rate (APR) varies from 90% to 391.07%. The minimum and maximum for repayment period is 62 days. For further details on APR, please refer to the FAQs and Pricing.

Nova Scotia : 391.07%.

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 rate 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 Payday Loan ? Credit Club does not offer automatic renewals on its payday loans.

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Credit Club Address

15 Gamelin, Suite 401, Gatineau (Québec) Canada, J8Y 6N5