How do I determine if a lender in Alberta is legit?

How do I determine if a lender in Alberta is legit?

Try to find listed here indications to be sure you’re dealing with a lender that is legit.

  • The lending company shows an Alberta licence number.
  • It does not enable roll-overs or multiple loans. Alberta legislation does not allow payday loan providers to provide away numerous loans.
  • It offers contracts into the language you employ to consult with your loan provider. Which means in the event that you along with your loan provider communicate in English, your agreement must certanly be in English. If it is French, your agreement also needs to take French.
  • It follows price and cost laws. Keep away from loan providers whom charge a lot more than $15 per $100 lent.

Look out for unlicensed loan providers

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