The cost in dollars, before you sign
Percentages are hard to picture. Your agreement shows what you borrow, what it costs and the total you repay, and it can never be more than $14 per $100.
A calmer way toborrow beforepayday
When money is tight, you need a straight answer and a cost you can understand. That's why people choose CashPicks: you apply once, get a clear answer, and see the total in dollars before you sign.
One applicationOne clear answer
Six reasons
Six reasons to choose CashPicks
Money by Interac e-Transfer
Once you sign an approved loan, the lender sends it to your bank account. It often arrives the same business day.
Deposited$500.00
One short application
Fill in your details once, on your phone or computer, and get a clear answer.
Bad credit isn't an automatic no
Lenders look at income and banking history as well as credit. They review every application, so approval isn't guaranteed.
Your details stay protected
CashPicks handles your information under Canadian privacy law, including PIPEDA, uses it only to process your loan request, and never sells it.
Provincial rules apply
Payday lenders must hold a provincial licence and follow each province's rules on cooling-off periods and repeat loans. Payday loans aren't available in Quebec.
Before you borrow from anyone
Five questions to ask before you choose CashPicks
Whichever lender you choose, CashPicks or anyone else, ask these questions first. Here's what a good answer looks like.
Read the borrowing guide- Are you licensed in my province?Yes. Every province except Quebec licenses payday lenders.
- What will I repay in total, in dollars?It's on screen and in your agreement before you sign.
- Do I pay anything before I get the loan?No. An upfront fee is a warning sign, and CashPicks never charges one.
- Can I cancel after signing?Yes, during your province's cooling-off period, usually two business days.
- Will you sell my information?It shouldn't be. CashPicks never sells your information.
When not to choose CashPicks, or any loan
A payday loan is an expensive way to borrow, and it doesn't suit every situation. Before you apply, it's worth checking whether one of these would cost you less:
- A payment plan with the company you owe
- A pay advance from your employer
- An overdraft or line of credit from your bank
If money problems go deeper than one bill, free non-profit advice is available from Credit Counselling Canada.
Choose CashPicks if the loan fits
If you choose CashPicks, the application takes about five minutes, and checking doesn't commit you to anything.