Payday Loans Canada - Terms of Use

 

The terms and conditions mentioned on this page and the pages or documents that are referenced are together known as the ‘Terms of Use’. The ‘Terms of Use’ represent an agreement between the user and Payday Loans Canada. The ‘Terms of Use’ are applicable on the use of this website, its content, the products or the functionality by you as a registered user or a guest visitor. Throughout the ‘Terms of Use’, Payday Loans Canada may be referred to as ‘our’, ‘us’, ‘we’, ‘website’ or ‘site’. It is advised that before you use this website, its services or its products, take some time to go though the terms of use. When you use this website for any reason, be it for gathering information about our products and services or procuring the same, you acknowledge that you have gone through this document and our privacy policy which has been referred to in this document. In case you do not agree to any of the clauses mentioned in either our privacy policy or terms of use, it is advised that you exit the website immediately.

 

Amendments and changes to the terms
Payday Loans Canada holds the right to make changes to the privacy policy and the terms of use from time to time and is under no obligation, legal or ethical of informing the registered users or guest users about the same. It is the visitor’s responsibility to visit this section each time the website is visited and update his or her knowledge about any amendments that may have been made. When the user continues to use the website after such amendments, he or she acknowledges that he or she has gone through the section, has understood and is in agreement with any amendments that may have been made.


Account Security and Website Access
Payday Loans Canada hold the right to withdraw this website or make changes to it and is under no obligation to inform the users about the same. We would not be held responsible if this website is not made available to the users in part or in entirety. We also hold the right to restrict the access of this website for any user, whether a guest visitor or a registered user. It would be the user’s responsibility to make any arrangements that may be required for ensuring access to this website. Access to some parts of this website requires some information from the user. Payday Loans Canada expects that any such information provided by you would be accurate and complete. We require all such information to be up to date. Payday Loans Canada holds the right to temporarily or permanently disable a username or password, provided by us or chosen by you, without or after giving a valid reason. Payday Loans Canada may take this decision in case we or any of our associated parties feel that you have failed to follow ay clause of our privacy policy or terms of use.


Intellectual Property Rights
This website and its entire content including text, software, graphics, audio, video and images along with the design or arrangements of the contained components are owned by Payday Loans Canada, the providers of this material and its licensers. All these things are protected by Canadian ad international copyright, trademark, trade secret, patent and intellectual property laws. All users are only allowed to use this website for non-commercial and personal use only. All users are prohibited from replicating, exploiting or selling this website for any commercial or non-personal purposes. All this applies to the website, its content and the products and services available on this website. Your right to access to this website may be suspended temporarily or permanently if it is found that you have intentionally or unintentionally tried to copy, print, modify or download and part of this website, which is not compliant of our Terms of Use or Privacy Policy. You would also be expected to hand over to us or destroy any copies of any such material. You as a user do not have any right, interest or title to this website ad none would provided to you under any circumstances. Any rights if applicable have been provided in these Terms of Use, any rights not part of this document belong to Payday Loans Canada. Ay use of this website, the material contained or the contents of this website which is not compliant of the Terms of Use of this website would fall under a breach and the user may face penalties according to the Canadian or international copyright, intellectual property and/or trademark laws.


Company Trademarks
If it has not been explicitly stated otherwise on this website, all the material and content that constitutes this website are intellectual property, copyrights and trademark of Payday Loans Canada and any other parties that have provided us with the license to use the same. There is no license given to you or any other user for use of this content and material. Downloading, reproducing, copying, distributing or modifying the content and material on this website is strictly not allowed for either a guest user or a registered user and doing so would require prior written permission from Payday Loans Canada and the concerned stakeholders.


Prohibited Use of Materials and Website

 

This website should not be used for any commercial purposes and is supposed to be used strictly under the Terms and Conditions.

 

As a visitor of this website, you agree that the website would not be used for any of the following reasons:

  • • In a manner that is in violation of international, local, provincial or federal laws. This includes the laws that govern the export and import of any data or software to or from Canada or any other country.
  • • Intentionally or unintentionally trying to exploit minors in any way including exposing them to content that is not appropriate for them or by forcing them to submit any information to the website.
  • • Knowingly or unknowingly sending, downloading, using, reusing or copying the content or material on this website.
  • • To facilitate in sending of promotional materials like junk mail, spam, advertisements and any other solicitations
  • • Trying to impersonate any Payday Loans Canada executive or employee, another user or anyone else other than you. This also includes the use of an email address that may belong to any of the above mentioned parties.
  • • To participate in any activity that may restrict anyone’s access to this website or its associated products or services, or to participate in any activity that in any way may harm the interests of Payday Loans Canada, its stakeholders and its users or may put them under any type of undue liability. In addition, you also agree that:
  • • You will not use this website may restrict any other user’s ability to use the products and services on this website or this website in general. You will not participate in any activity that may impair, disable, damage or overburden this website in any way.
  • • You will not use any device or software which includes spiders, robots and crawlers to access this site which also includes and is not limited to the monitoring any activity or copying any information on this website.
  • • You will also not use any other manual method of copying or monitoring this website without an explicit written consent from the officials of Payday Loans Canada.
  • • You will not use any software or run any process on this website that may interfere with the normal working of this website.
  • • You will not, intentionally or unintentionally facilitate or introduce any virus, Trojan, worm, logic bomb or any other software that may be considered as malicious and may be harmful to this website in any way.
  • • You will not make any attempt, or assist is in any attempt to access the restricted portions of this website, disrupt or damage the website partially or in its entirety, the server of this website or any other database of server that this website relies on for proper functioning.
  • • You will not try to disrupt the normal functioning of this site in any way.



 
 

Disclosure of APR

The APR refers to the amount paid on the loan taken for a period of 1 year. The for a standard 2 weeks loan can be expected to vary from 546% to 600%. This variation is based on the state you live in and the time period of your loan term, your financial situation and your individual lender.
Implications of Late Payment : If a customer fails to pay the loan in time, he may be required to pay late fees and collection costs. He may also be subjected to loan charge off and his debt would be forwarded to the collection agency. As long as the customer pays back the loan prior to the charge off, he can enjoy the opportunity to bring the loan as current.
Implications of Non-Payment - If you fail to repay the loan altogether, there are many consequences associated with it including :
Financial Implications : At present, we are not charging any extra rate of interest on the loans that are not repaid in time but a borrower will have to incur late fees and other charges in case he fails to repay the loan in time or check or other mode of payment is rejected because of insufficient funds available. The amount varies by province. The lender will provide you with complete details that will include the exact charges and costs.
Collection practices : We make use of standard debt collection methods like email, postal mail, telephone, and text message to collect any unpaid amount that you owe. Similarly, we can make use of the rights as lined in the loan agreement. We also have the right to sell your pending debt to a third party agency. The party may use similar methods to recover the pending loan.
Impact on credit score : We do not report your loan activity with us to the credit reporting department like Equifax Canada or TransUnion as of now but we may choose to report it to alternating agencies if you delay your loan payment then such agencies are reported which may impact your chance of getting quick loans in future.
Renewal policy : Loans cannot be renewed automatically.

 

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