FAQs

How does the process work?

PaydayCredit is a platform that allows you to find the best quick payday loans online in Canada without having to contact dozens of lenders directly. Simply apply once by filling out our secure form, and if you meet the requirements of our lending partners, you will be redirected to a lender who will explain the next steps. It's easy, fast, and requires no credit check.

Do you need a good credit score?

No! We verify your creditworthiness using IBV (instant bank verification) technology, so we don't need to request your credit score during the process.

What are the eligibility criteria?

Although our site is not a direct lender, but rather a comparison platform, we still have some basic criteria that you must meet to qualify with one of our partners:

Here are our eligibility criteria:

• You must be at least 18 years old.
• You must have a job or a stable income (see the list of eligible income sources below*) for at least 3 months.
• The income must be deposited into your bank account via direct deposit.
• You must reside in Canada.
• Your gross monthly income must be at least $1000.
• You cannot apply if you are in the process of bankruptcy.

*List of eligible income sources:

• Employment income
• Canada Workers' Compensation Board
• Canada Parental Insurance Plan
• Canada Automobile Insurance Society
• Specific Solidarity Allowance - Employment
• Specific Solidarity Allowance - Disability
• Various pensions

How long will it take to receive the money?

Once your loan's application is approved and the loan agreement is signed, you will receive the funds via bank transfer in less than 24 hours.

What are the steps to get a quick payday loans online without a credit check in Canada?

To borrow money without a credit check, you must:

• Fill out our secure form.
• Complete instant bank verification.
• Complete your application (if approved) and sign the contract.
• Receive the funds via bank transfer.

Can I pay off my entire balance at any time?

You will need to call one of our customer service representatives, and they will explain the process to you.

Under what circumstances my application might be rejected?

• Incomplete form
• Invalid identification document
• Multiple insufficient funds (NSF) transactions on your account
• Salary paid by check
• Non-existent bank account
• No income

*This list is for informational purposes only, and your application may be rejected for other reasons.

How do I apply?

To apply for a Quick payday loans with no credit check in Canada, simply click on the "Send Your Request" tab and follow the steps. You will receive a response within a few hours, and the funds will be transferred to you within 24 hours of your application.

What is IBV and is it safe?

The IBV process relies on the integration of banking infrastructure with the IT systems of third-party service providers. When an individual or company provides banking information during a service request, the provider uses this information to automatically connect to the relevant bank account via a secure API (Application Programming Interface). Once the connection is established, IBV retrieves and analyzes relevant financial data in real time, such as balances, recent transactions, statements, and bank details. This information is then verified against the details provided by the applicant to determine the accuracy and authenticity of the data. It is important to note that IBV adheres to strict security standards to protect sensitive information and ensure the confidentiality of customer bank data. Advantages of Instant Bank Verification (IBV)

Speed: One of the main advantages of IBV is its speed. While traditional verification methods can take several days or even longer, IBV provides virtually instant results. This allows service providers to significantly reduce application processing times and offer a smoother customer experience.

Reduced risk of fraud: By connecting directly to customers' bank accounts, IBV minimizes the risk of providing false information. This helps prevent fraud and ensures that only legitimate individuals or companies access the services.

Simplicity and convenience: For customers, IBV offers a more convenient experience, as they do not have to provide numerous documents and information to prove their financial identity. A simple connection to their bank account is sufficient to confirm their status.

Improved customer experience: By reducing the friction associated with identity verification, IBV improves the overall customer experience. This can lead to greater user satisfaction and increased loyalty towards service providers who use this technology.

I have changed my bank account; do I need to notify you?

If you change your bank account, you must notify us as soon as possible to avoid insufficient funds fees.

Can I get a loan if I don't have a good credit score?

Yes! It's possible to get a loan with us, even with a bad credit score, by analyzing your bank statements.