Cash 4 You

Cash 4 You: Payday and Installment Loans in Ontario

Cash 4 You Corp. is a consumer lending entity authorized to operate in Ontario under the Consumer Protection Act. Its activity focuses on two main products: payday loans and installment loans, aimed at residents of Ontario and British Columbia. The company presents itself as a highly rated national lender and states that approval does not depend on having perfect credit history.

Payday Loans

Payday loans allow access to up to CAD 1,500 with a single payment on the payday. Applications are made online and, according to the website, checking the pre-approved amount does not affect your credit history. To qualify, you must meet minimum net income requirements and other conditions that the company details through its customer service representatives.

The cost of the loan varies by province of residence. In Ontario, the maximum permitted cost is $14 per $100 borrowed; a $500 loan for 14 days incurs a cost of $70, with a total repayment of $570 and an APR of 365%. In British Columbia, the same 14% rate and the same example of $500 for 14 days apply. In Manitoba, Saskatchewan, and Prince Edward Island, the cost is $17 per $100, except in the latter province, where the website indicates $15 per $100.

Installment Loans

Installment loans allow amounts between $500 and $20,000, with repayment in installments over a period ranging from 12 to 60 months depending on the amount requested. Approval depends on income, identity verification, and other qualification requirements, and includes a credit check. The company states that the initial application to find out the pre-approved amount only involves a soft inquiry, while accepting the loan may involve a hard inquiry that affects your credit history.

The entity's documentation includes a representative example of a $1,000 loan over 12 months with an APR of 34.37%, twelve monthly payments of approximately $99.67, and a total cost of borrowing of $196.02. Another section mentions an example of $1,000 over 12 months with an APR of 46.93% and a monthly payment of $105.89. The company states that it does not apply additional high-cost products.

Other Financial Services

In addition to loans, the website lists other services available at its branches: cheque cashing, Evolve Visa prepaid card, money orders, currency exchange, and bill payments. The Evolve Visa card is issued by Peoples Trust Company under license from Visa.

Branch Network and Customer Service

Cash 4 You operates a network of branches in Ontario and has a store locator on its website. The head office of Cash 4 You Corp. is located in Cambridge, Ontario. The company warns of possible scams and recommends using only the verified phone numbers listed in the store locator. Toll-free customer service is available at 1-888-997-2807.

Products and Registered Trademarks

The entity uses the trademarks Cash 4 You®, The Payday Loan People®, Powered by exceptional Service™, and evolve®, registered by Cash 4 You Corp. The prepaid card is marketed under the evolve® brand. The company declares customer satisfaction as its first corporate value.

Location and Contact

2726 Howard Ave, Windsor, ON, N8X 3X5 · Hours: Monday to Friday: hours not specified; Saturday: 9:00-17:00; Sunday: closed