Effective Date August *, 2013
Terms
Late Payment Fees and Interest: Payday loans are meant to be short term loans up
to 14 days, the payday loan must be paid back in full on the set due date, if for
any reason payments are late the lender will attempt to deduct the full amount from
the bank account that you provided, if such funds cannot be collected from your
bank account a nsf or bounced fee of up to $55 cdn will be assessed and added to
the amount owing, furthermore interest will begin to accrue exactly one week after
your due date at an annual APR of 60%.
Collection Practices: All lenders that provide payday loans to users of this site
will pursue one or more collection actions in an attempt to collect on the loan.
These collections practices will include in house contact via phone, email and mail.
If inhouse collection actions are unsuccessful the account may be assigned to a
third party collection agency for further collection actions.
Legal Consequences: In events where all collection attempts has failed the lender
may choose to pursue a legal claim via the small claims court in their jurisdiction
Impact To Credit Score: Accounts that are not repayed will be listed as an item
in collections on all major credit bureaus. Such action can have a significant negative
effect to your credit score and your ability to get obtain credit in the future.
Renewal: Payday loans are short term loans and there is no option to renew.. In
order to receive another loan your current loan must be paid in full, failure to
pay your loan in full will result in the above mentoned collection actions.
To qualify for a payday loan, minimum net pay requirements will apply and may vary
by province. Other conditions may also apply. Ask the lender directly for details.
Online loans originated only to residents of Alberta, British Columbia, Nova Scotia,
Ontario and Saskatchewan. [Alberta residents: The APR on a $300 loan for 14 days
is up to 599.64% on a rate of $23 per $100 borrowed.] [British Columbia residents:
The APR on a $300 loan originated at a Money Mart branch for 14 days in BC is up
to 521.17% at The lender's cash repayment rate of up to $19.99 per $100 borrowed,
and up to 599.64% at the regular rate of up to $23 per $100 borrowed. The APR on
a $300 loan originated online for 14 days is 599.64% on a rate of $23 per $100 borrowed.
clcpaydayloan.com is a lead generator not a lender, applications completed on this
site will be forwarded to a lender that provide short term cash loan services. All
lenders that provide this service must be licensed by the respected province of
operation you should confirm with the lender if they are licensed to conduct payday
loan business in their province. [Manitoba residents: The APR on a $300 loan for
12 days is up to 517.08% on a rate of up to $17 per $100 borrowed. To learn
more about your rights as a payday loan borrower, contact the Consumer Protection
Office at 945-3800, 1-800-782-0067 or at www.manitoba.ca/cca/cpo.] [New Brunswick residents: The
APR on a $300 loan for 14 days is up to 547.50% on a rate of up to $21 per $100
borrowed.] [Saskatchewan residents: The APR on a $300 loan for 14 days is up to
599.64% on a rate of up to $23 per $100 borrowed.] [Ontario residents: The cost
of borrowing with pay day lenders is up to $21.00 per $100 per each $100 advanced.
On a $300 loan for 14 days, the cost of borrowing is up to $63.00, with a total
payback amount of up to $363.00. The maximum allowable cost of borrowing under payday
loan agreements is $21 per each $100 advanced.]
[In Nova Scotia the total cost of borrowing $100 for 14 days is up to $25.00.
Payday Loans are High Cost Loans.]
Privacy Policy
This privacy policy follows Canada’s Federal Personal Information Protection and
Electronic Documents Act (PIPEDA) which is previously known as Bill C-6. The main
objective of this privacy policy is to control the collection, use and disclosure
of personal information via electronic mediums by the private organizations. It
also aims to regulate the validity and legality of electronic documents.
For further details regarding this policy, please visit http://www.privcom.gc.ca
or
http://www.parl.gc.ca/House Publications/Publication.aspx? Pub=Bill&Doc=C-6_4&Language=
&Mode=1&Parl=36&Ses=2
It is highly recommended that you take some time to review the terms and conditions
of the Privacy Policy carefully before you proceed. Please notify that by using
the site and participating in the service, you agree to the terms and conditions
mentioned below. If you are not in an agreement with the terms and conditions of
the Privacy Policy, please do not use the site or partake in the service.
Your privacy is our concern
We understand and respect the significance of protecting your personal information.
We collect, keep and maintain your information to reach you, to process your requested
transaction for our goods and services. We also use this information to communicate
with you to discuss other financial services that might interest you.
We do not sell nonpublic information of our current or prior customers except as
it explained here in our privacy policy. Moreover, we do not disclose this information
with anyone other than our affiliates. The examples used in this Privacy Policy
are not exclusive and for illustrative purposes only.
To clarify your questions or concerns about the Privacy Policy or any other relevant
issues regarding this site, please feel free to contact us at WebsiteName.ca/contact-us.aspx.
These policies change along with different business factors, technology, etc. Every
time you consider using our goods and services, you should consult it carefully.
CLCPaydayLoan.com is neither a payday loan lenders nor financial institutions, and
hence do NOT make decisions about cash advances or payday loans. Completion of this
form does not ensure your loan approval. This application of yours will be forwarded
to our service providers who will eventually grant your payday loan.
About us
CLCPaydayLoan.com (hereafter referred to as "company") is the proprietor of this
site located at WebsiteName.ca, ("the site."). With the help of this site, company
maintains a customer data base (“the service”) that gathers, sorts and sells contact
information to other businesses on behalf of individual consumers who have revealed
an interest for products or services offered by a business and requested to be contacted
by a representative.
When you share information with this site, you acknowledge that the company operates
in U.S as well as you give your consent to use your information domestically and
internationally if necessary to obtain products and services as required by the
application. For the promotional purposes of the site company uses third party vendors,
third party affiliates, and a combination of media advertisements. Company also
enhances its database by buying information of other consumers who have completed
applications on websites other than the company’s. The consumers of purchased database
have willingly asked for more information regarding products or services similar
to those offered by the company.
To promote company’s products and services, it uses e-mail or telephone. They also
use mobile devices to reach consumers upon special request to be contacted either
through our online application opt-in process via our site or through an opt-in
process by our vendors or affiliate sites. If consumers want to stop receiving these
promotions, they may opt-out at any time by following the instructions in opt-out
section mentioned bellow.
Minors
As our target group is NOT bellow 18 years old, any collection of information bellow
this age group is not intentional.
Information Collection and Storage
When you are applying for one of our products or services you must provide following
information to meet our requirements: name, address, postal code, city, state, e-mail
address, home phone, work phone, place of employment, years employed, yearly income,
house type, desired loan amount and best time to call.
It is not mandatory to fill up all required fields asked by our site while you complete
our forms. Only information related to your computer’s hardware and software is
gathered automatically by CLCPaydayLoan.com which might be shared in a comprehensive
manner with third parties who provide traffic analysis services. This information
consists of: your IP address, domain name, access times, browser type and referring
web site addresses.
CLCPaydayLoan.com keeps this information for maintaining and improving the quality
of services by generating statistics for the use of the site. No third party database
is used by the site to verify or update the information you submit to us for any
reason.
We will keep record of all the e-mails sent by you as well as our replies for the
purpose of future references. We safeguard this information in the same manner that
we use to protect telephone and mail communications. As long as your account is
active, we will maintain this information.
We will keep your information for fulfilling legal obligations, resolving disputes
and implementing our agreements.
Information Usage
By submitting your application online, you allow the site and affiliated third parties
to contact you. Personal information is used for granting the loans applied for,
processing the payment, advertising and other promotional activities, monitoring
the use of the service, development of the products and services. It is also used
for the improvement of the content and design of the site and other lawful purposes.
We will share your information with payday loan lenders who accept your application
along with affiliated third parties to approve your loan request. Furthermore, these
affiliated companies may send you mails about different products and special offers
that may catch your interest. This information will be also used for notifying you
if our website or our services make any change as well as for informing special
offers that you may find interesting.
Sharing and Selling Information
Any personal or financial information provided by you (for example private information
or banking details) will not be shared, sold, lend or leased with anyone other than
to process transactions or provide requested services. We may use your information
to improve our relationship with you, to avoid fraud, to collect debt, to perform
our business and to market our products and services from the site as well as affiliated
third parties.
Information update
If you want to update your information, you can do it anytime through sending us
e-mail. Please find ‘Contact Us’ tab on main page to communicate with us.
Changes of ownership
Customer information is regarded as the assets of the company. Therefore, if this
website or any other assets of the company are sold, customer information may be
transferred to the new owners. In such cases, you will be notified by e-mail or
by notice on this website.
Cookies
Like all other business websites we use ‘Cookies’ to store information. A cookie
is a small text file which is stored and used on a user's computer for record-gathering
purposes. Both session ID cookies and persistent cookies are used by us. Session
cookies which expire once you close your browser are used for making our site easier
for you to navigate; whereas a persistent cookie remains on your hard drive for
a certain period of time. You can get rid of persistent cookies by following instructions
given in your Internet browsers help file. A persistent cookie stores your password
so that you do not have to enter it again when you revisit our site. It also helps
us to monitor and identify the interests of our users to improve their navigating
experience on our site. By restricting cookies, you may still use our site, but
it will limit your ability to access some areas of our site.
Third Party Cookies
Our privacy statement does not cover the use of cookies by our tracking utility
company. We have neither access nor control over these cookies. To make our site
more user friendly for our customers, our tracking utility company uses session
ID cookies.
Opting Out/Unsubscribe
If you want to unsubscribe our service by removing your information from our database
and to stop receiving e-mails notifications from us, please click ‘Contact US’ tab
on the Home page. WebsiteName.ca/unsubscribe
Security and fraud
An extensive level of security methods is used by the site to protect your personal
information from outsiders. We use encryption like SSL (Secure Socket Layer) protocol
for the protection of your information during its transmission over the internet.
As no means of transmission over the internet or mode of storage can ensure 100%
security, we cannot assure this process is 100% secure. If we receive any fake or
counterfeit information, it will be passed on to the appropriate law enforcement
agencies.
Policy Changes
We adjust our privacy policy from time to time depending on the technology advancement,
new rules and regulation, etc. It is highly recommended that you always read the
privacy policy of every site you visit. If you are visiting a site that you have
gone already, still it is wise to make sure there is no change in their privacy
policy. Your information will not be used in any way that might contradict this
privacy policy. If there is a significant change in the use of your information,
we will make every effort to reach you by e-mail.
All information provided and discussed above follows the Payday Loans Act of 2008
and with the Data Protection Act.