There are several frequently asked questions, which we’ve grouped together here to provide you with answers. Contact us today if you have any other questions at 1-877-534-1999 or by email at firstname.lastname@example.org.
- Convenience store
- Post office
- Copy center
No, only employees are eligible. These incomes are elusive; they cannot serve as a guarantee of payment.
No, unfortunately, self-employed workers are not eligible.
- Unsatisfied consumer proposal;
- Undischarged bankruptcy;
- Unstable work;
- Incomplete form or incorrect information;
- Too many non sufficient funds payments in your bank account;
- Work outside of the province of Quebec.
- Be 18 years old and over;
- Have a steady job with a 4 month experience.
- Be paid by direct deposit;
- Work in the province of Quebec;
- Not being under an undischarged bankruptcy or a unsatisfied consumer proposal or about to be;
- Have a stable net salary of:
Minimum of $270 per week ($540 biweekly) for a $500 loan.
Minimum of $324 per week ($648 biweekly) for a $600 loan.
Minimum of $378 per week ($756 biweekly) for a $700 loan.
If we receive your signed contract before 10:00 am, you may receive the funds in your bank account by the end of the day. However, if we receive your signed contract after 10:00 am, it may take up to 24 business hours to receive the funds.
You are quite right to ask this question. At first glance, the total costs of $250 for a $500 loan seem enormous. You can read all over the internet that this amounts to disproportionate interest, depending on the different calculations. What to know in this case is that for a $500 loan, Survey costs, employees salaries, processing of the file and after acceptance of payments are almost the same as for a loan of $10,000 or any other amount. And of course the percentage of loss is higher. This is also why traditional financial institutions do not. It would not be profitable for them to do so at these rates called «normal».
Perhaps, be careful because in this area, many have rates of 28%, 32% or other percentages. it is practically impossible to achieve profitability under 50%. These companies will often charge you additional fees, such as brokerage fees, fees for automatic withdrawals, etc… At Credit Yamaska, there are no hidden costs. Be careful!!!
In cases of payment default or non-cooperation, the debt will be sent to a collections agency.