No, you don’t need to be employed to apply for a finance as long as you have a source of income either through your own sources (savings, rental properties that you own etc..) or you are self-employed.  We could finance you subject that you will have enough so you can repay that finance and still have money left to continue living your normal life.

Unless you are bankrupt or have an on-going consumer proposal, only then we will not be able to proceed with the financing.

The range amount that can be financed is from $5,000 up to $50,000 over a repayment period of 1 to 3 years and it depends on how much you can finance.  The Finance Calculator on our website, provides how much income is needed to be able to finance the required amount you specify. If your income is not enough, then you can always include a guarantor to be able to acquire the required finance amount you desire. 

No, it is not possible to give a finance to anyone who is bankrupt or has an active consumer proposal. If this status changes, then we will be able to consider your finance application if you provide the relevant discharge papers.

You will need a guarantor only if your underwriting criteria did not pass the approval level. A suitable guarantor that passes our criteria is needed in this case, in order for you to be able to acquire the finance. The guarantor’s role is to be able to pay on your behalf in case your installment payments don’t go through. In this case if the guarantor is ready to accept this role on your behalf, we will be glad to give the finance after passing our assessment.

A guarantor is a friend, spouse or family member that trusts the Investor and is ready to pay their monthly installments in case they are not able to.

A guarantor is someone who is between the age of 19-70, that has a good credit history and has an income that can afford to make the monthly payments on your finance in case you are not able to, while still being able to sustain their own normal life.  It is not necessary that they are a homeowner, but if they are, then this increases the possibility of the finance approval. The guarantor must be a Canadian resident and never had any problems paying their bills on time in the past.

We will pay out your finance amount into your account and we will contact you to let you know when we've transferred the finance amount and when you should expect to see it in your account.

In case you have a guarantor, the finance amount is paid in the guarantor’s account in order to ensure that they are aware of the finance process they are involved in, and they can then transfer the amount to you.  We will communicate with you both once the finance amount is in the guarantor’s account.

With regards to repayment of the finance we will have a direct debit set up to deduct the monthly installment to make the process simple for you.  We will also, as a backup, take your credit card details so that if the direct debit ever fails ,  the payment will be deducted from the credit card.

As for finance settlement, it can be done at any time and are subject to discharge fees as applied by company policies.

We need you to provide both your own as well as your guarantor’s credit cards (in case a guarantor on the loan is required) for several reasons.  Your credit card will be a form of back up if you ever miss a payment, we will deduct it from your card so as not to affect your account.

As for the guarantor’s credit card we use it as a form of ID check, as well as, in case your payment doesn’t go through then we will ask your guarantor to make the payment and we will then deduct it from their card.

To change your installment date, contact us by phone or email.

        Some rules, apply:

• The date of your first installment cannot be changed, so put this in mind when choosing the first date.
• You cannot change the installment date if any payments were missed before.
• Before changing the date, you need to give us a minimum of 10 working days’ notice, before the installment due date in order to be able to inform the bank.

It is not advisable to be late in installment as per the contract as this could affect your credit rating.  If you are late in a installment, we will inform you first and your guarantor (in case there is a guarantor on the finance) in order to make sure that either of you can make the due payment.

If you think you will be late in a payment you need to contact us before the due date, in order to discuss this matter and come up with a resolution as soon as possible.

Yes, you may apply for a new finance after settling your first one. You will go through the same approval process to ensure that you are still eligible, and you do still need to pass the assessment process.