2 Personal Cheques
2 Most Recent Paystubs
Employed for minimum of 3 months consecutively with same employer
Home address
1 Piece of mail within the last 30 days with your name and address on it
Current bank chequing account
30 day bank statement (from date of application back 30 days)
2 Pieces of Government Issued ID
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
