How do I know that you are a legitimate business and/or a legal payday lender?
Since November 1st, 2009, all payday lenders in British Columbia must be licensed by Consumer Protection BC.MyCanadaPayday is 100% Canadian owned and operated by Westrock Financial Ltd. Our Consumer Protection BC payday lending license number is 52546, our Alberta payday lending license number is 342618, our Ontario payday lending license number is 4721539, our Saskatchewan license number is 100055 , our Manitoba license number is 67816 , and our Nova Scotia license number is 181843061.
You can find our license numbers on the front page of our website. Our license numbers for payday loans are as follows;
BC Payday License # 52546
Ontario Payday License # 4721539
Alberta Payday License # 342618
Nova Scotia Payday License # 181843061
Saskatchewan Payday License # 100055
Manitoba Payday License # 67816
When you first apply for a payday loan with us, you will see both the license number as well as the interest rates for the province you reside in. You can cross reference this information on any of the government websites listed below.
A payday loan is a small short-term loan. With payday loans, you can’t borrow more than $1,500 and it must be repaid within 62 days.
Payday loans are high-cost loans that serve as a short-term cash advance. They are usually due to be repaid with the next paycheck you receive depending on the province you reside in. There are different regulations for each province.
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