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Terms and Conditions

We listed the following as terms and conditions.

1. LOAN CRITERIA

2. HOW LOANS ARE REPAID BY YOU

3. IF YOU DEFAULT

4. HOW LOANS ARE ADVANCED TO YOU

5. OBTAINING A COPY OF THE LOAN AGREEMENT

6. ATTENTION

7. YOUR CANCELLATION RIGHTS UNDER THE PAYDAY LOANS ACT, 2008

8. REFUNDS UNDER THE PAYDAY LOANS ACT, 2008

LOAN CRITERIATop

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)

HOW LOANS ARE REPAID BY YOUTop

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 DEFAULTTop

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.

HOW LOANS ARE ADVANCED TO YOUTop

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.

OBTAINING A COPY OF THE LOAN AGREEMENTTop

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.

ATTENTIONTop

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).

REFUNDS UNDER THE PAYDAY LOANS ACT, 2008Top

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