Employed for minimum of 3 months consecutively with same employer
Current bank chequing account
Home address
Two pieces of identification (one photo identification and another one with a signature)
The
Total Amount Due must be paid by you to Accessible Cash by the Payment
Due Date. You can use any of these forms of payment to pay the Total
Amount Due: CASH, INTERAC, EMAIL MONEY TRANSFER, CHEQUE, OR CERTIFIED
CHEQUE.
All cheques are to be made payable to “Accessible Cash Payday Loans Inc.”
If a cheque is returned to Accessible Cash due to insufficient funds in
your account to cover it, Accessible Cash will charge you a fee (a
“Non-Sufficient Funds Fee”) of $55.00. The Non-Sufficient Funds Fee
will be charged by Accessible Cash and payable by you in addition to
any other amounts owed by you to Accessible Cash.
If
you fail to pay the Total Amount Due, or any part thereof, by the
Payment Due Date, you hereby agree to allow Accessible Cash to obtain
and share your personal records and credit information for the purpose
of collecting the Total Amount Due, or any part thereof due and
payable, to Accessible Cash. You hereby agree to pay interest from and
including the date of default (being the day immediately following the
Payment Due Date) at the rate of 2.5% per month (30% Per Annum) on all
overdue balances. You also hereby agree to pay all reasonable charges
in respect of legal costs that Accessible Cash may incur in collecting
or attempting to collect a required payment under this loan agreement.
All loans are advanced by Accessible Cash to you by either cheque (the
“Cheque”) or Interac Email Money Transfer (“EMT”), at the discretion of
Accessible Cash. The Amount Borrowed is delivered to you in full
immediately upon entering into this Agreement in accordance with the
terms hereof, or in the case of a remote loan, within one (1) hour of
entering into this Agreement in accordance with terms hereof.
Accessible Cash does not charge a fee for advancing a loan by cheque,
but your bank or financial institution may charge you a transaction, or
other, fee, charge or cost for cashing the cheque. Accessible Cash does
not charge you to obtain funds by EMT, but but your bank or financial
institution may charge you a transaction, or other, fee, charge or cost
for using EMT.
If the cheque needs to be replaced, contact Accessible Cash and
Accessible Cash will replace it for you free of charge, provided you
return the original cheque. If you cannot return the original of the
cheque, Accessible Cash will charge you $25.00 to cover the costs of
issuing a stop-payment on the original cheque and the re-issue of a
replacement cheque. This $25.00 charge by Accessible Cash is due by the
Payment Due Date together with the Total Amount Due, and is in addition
to any other fees or charges owing by you to Accessible Cash. If you do
not cash the cheque, or if the cheque needs to be replaced and you do
not contact Accessible Cash, you are still bound by the terms hereof,
and must pay the Total Amount Due to Accessible Cash by the Payment Due
Date.
To send funds by EMT, Accessible Cash signs on to “Online
Banking” at Accessible Cash’s personal banking or financial institution
and selects the "Interac Email Money Transfer" navigation link on the
“Banking” tab. Accessible Cash types the email address of the person to
which Accessible Cash wants to send money. Accessible Cash creates a
“Security Question” that only the person Accessible Cash is sending
money to will be able to answer. Accessible Cash enters the amount
Accessible Cash wants to send, and the account from which such funds
are to be withdrawn. The money is withdrawn from Accessible Cash’s
account, and an email notification is automatically sent to the email
address that Accessible Cash provided.
To send funds by EMT, you click on the hyperlink in the email, and are
automatically taken to your online banking sign-on page. After signing
on and answering your “Security Question”, you can deposit the funds
sent to you by Accessible Cash via EMT immediately to your selected
bank account.
To receive money using the EMT service, all you need is a Canadian
dollar account at a Canadian bank or financial institution with access
to Online Banking, and an email address. When money is sent by EMT, the
email is used only for notification purposes; it doesn't actually carry
the money. The money is transferred using the established inter-bank
fund clearing networks Canadians have trusted for years. Also, in order
to receive an EMT, you must provide the correct answer to the Security
Question. Two more layers of security to give you peace of mind.
Sending or receiving funds by EMT does not require disclosure of any
bank account numbers.
If the EMT needs to be replaced, Accessible Cash will charge
you $25.00 to cover the costs of issuing a stop-payment on the original
EMT and the re-issue of a replacement EMT. This $25.00 charge by
Accessible Cash is due by the Payment Due Date together with the Total
Amount Due, and is in addition to any other fees or charges owing by
you to Accessible Cash. If you do not cash the funds advanced by the
EMT, or if the EMT needs to be replaced and you do not contact
Accessible Cash, you are still bound by the terms hereof, and must pay
the Total Amount Due to Accessible Cash by the Payment Due Date.
The Borrower (Client Name) is entitled to receive from Accessible Cash
a copy of this agreement by requesting it at any time before the end of
one year from the end of the term of the agreement.
This payday loan is intended to address short-term financial needs. The
cost of borrowing for this loan may be higher/lower than credit offered
by other lenders.
YOUR CANCELLATION RIGHTS UNDER THE PAYDAY LOANS ACT, 2008Top
If you are provided with the loan and a copy of this agreement that
complies with the Act when you enter into the agreement, you may cancel
the agreement within two (2) business days of entering into it. For
remote payday loan agreements*, you may cancel the agreement within two
(2) business days of entering into it if you are provided with the loan
within one hour of entering into the agreement and you are provided
with a copy of this agreement that complies with the Act when you enter
into the agreement. You do not have to give a reason for cancelling the
agreement.
If you are not provided with the loan or with a copy of this
agreement that complies with the Act when you enter into the agreement,
you may cancel the agreement at any time. For remote payday loan
agreements, you may cancel the agreement at any time if you are not
provided with the loan within one hour of entering into the agreement
or if you are not provided with a copy of this agreement that complies
with the Act when you enter into the agreement. You do not have to give
a reason for cancelling the agreement.
To cancel the agreement, you must provide your notice of
cancellation, together with the amount you borrowed, to the business
you dealt with to get your loan. If you have made any payments under
the loan, the lender must return those payments to you at the earliest
reasonable opportunity.
* A remote payday loan agreement is one in which the borrower is not
present with the lender or the loan broker when the payday loan
agreement is made (e.g. a loan made over the internet or by phone).
Under
certain circumstances, you may demand a refund of a payment you made
under a payday loan agreement within one year of having made that
payment. Either the licensee has received a payment to which it is not
entitled or the licensee has engaged in prohibited conduct of such a
serious nature that you are entitled to a refund of the cost of
borrowing that you paid. To obtain a refund you must give a notice
demanding it to the business that you dealt with to get your payday
loan. Your notice must set out your demand for the refund and the
reason for it, as well as your name and telephone number. Note that the
business has two (2) business days within which to provide the refund
to you. You may choose to collect your refund in person or have it
mailed to you.
Please contact the Consumer Protection Branch of the Ministry
of Small Business and Consumer Services for more information on when
you may be entitled to a refund and how to make your demand for a
refund. You may contact the Consumer Protection Branch toll free at 1-800-889-9768 or via email www.sbe.gov.on.ca
