No Risk Guarantee

At Cash Advantage we want to exceed your expectations. If you feel that you are over extended or you’re having second thoughts about getting a payday loan, then simply: call our office, complete the loan cancellation form, and repay your loan principle in full within 24 hours of obtaining your loan. If this is your very first loan with Cash Advantage and your principle is $200 or less, then you are not being charged interest anyway and can simply repay the loan principle.

We pride ourselves on being responsible lenders. To us that means more than just following the Best Practices of the Canadian Payday Loan Association and the rules of the Payday Loan legislation. To us it means that we don’t overburden our customers with loans you can’t possibly ever repay. We work with our customers in getting quick cash in amounts you can afford. This is just one of the many ways we work to exceed your expectations.

Other components of our responsible lending include:

No Rollovers
Cash Advantage will not grant you an extension of an outstanding payday loan for a fee or advance a new payday loan to pay out your existing payday loan.

Multiple Loans
Cash Advantage does not grant multiple payday loans between paydays. You are only allowed one loan, which must be paid in full before another loan will be granted.

Collateral
Cash Advantage will not take title to a customer’s assets as security for repayment of a payday loan.

Collection Practices
Cash Advantage collects past due accounts in a fair, lawful and professional manner. Cash Advantage will not threaten criminal action or use other forms of intimidation or harassment to collect outstanding amounts.

Compliance
Cash Advantage complies fully with all laws and regulations applicable in the provinces and territories in which it operates.

Record Keeping
Cash Advantage keeps and maintains records of financial transactions with its customers in accordance with the standards established by the Canadian Payday Loans Association and all applicable legislation.

Right to Cancel
Customers have the right to cancel a payday loan at no cost within 24 hours of loan issuance.