Cash advance: your legal rights. How it operates

Cash advance: your legal rights. How it operates

What you should understand before taking down a short-term, cash loan pay day loan from the store or on line.

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A cash advance are:

  • often a tiny benefits loan removed for a few days, typically until the next payday
  • loaned at a store or online
  • the absolute most high priced type of customer loan in Ontario
  • an unsecured loan (you cannot put any belongings as security or guarantee for the loan, you will need to give you the loan provider with a post-dated cheque or perhaps a pre-authorized debit)

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