Personal information will not be used or disclosed for other purposes than those for which it was collected, except with the consent of the individual. We believe that online privacy is key for the successful running of our business and to make sure your information is safe and prevent it from exploitation. A guide to loans for 18-year-olds — or older depending on the age of majority where you live. Easily manage your loan through your Fairstone account.
Apply for a loan in three simple steps
Any missed payment will be postponed to the end of your contract, and will result in $ 45 fee for insufficient funds, as stated in the contract. This will have no impact on your credit score at our business.
Your funds received in record time to these banks
Credit unions and other small banks sometimes offer small loans to their existing customers. Salary advances can be applied for and repaid on your next payday, often for more reasonable rates. When it’s time to repay, your lender will withdraw the principal amount and any fees you owe directly from your bank account. Make sure you have enough money in your bank account on your due date to avoid penalties.
What is the difference between a cash advance and a payday loan?
There’s never been a more convenient way to access cash when you need it most. You don’t need perfect credit to get a pay day loan with us. We offer bad credit loans all the time, due to our proprietary scoring system that uses thousands of features that regular banks can’t or aren’t willing to incorporate. This is because we understand that every person’s financial history is unique, and we know that everyone makes mistakes. That’s why we’re here to get you back on your feet. In June 2010, the government of Saskatchewan announced regulations on payday loans similar to those in British Columbia. They include an interest rate cap of 23% of the principal, a cap of 30% on a defaulted loan, and a borrowing limit of 50% of the net amount of the individual’s next pay.
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If you have good credit, consider a secured or unsecured personal loan from your financial institution. Even with the potential origination fee and interest, the interest rates are typically lower than those for cash advances. This solution will take longer and require additional paperwork. However, if you need a larger amount of money, a personal loan could meet that need with less overall cost.