UrgentKash is an independent financial service provider and may receive compensation from the offers shown on its website or the providers you may be matched with after you submit an application. Our intention is to provide you with the best tools, content, products and services to help you reach your financial goals. All of Urgent Kash’s services and resources are free to use and we do not charge consumers for any of our services. However it is possible that the providers of some of the offers we promote may charge for some of their services. We aim to provide North Americans with impartial and accurate information so that they can make the best financial decisions.
Implications of non-payment: To collect on a loan in default lenders utilize all collection practices available to the issuers of consumer credit in Canada and the United States.
APR: The maximum charges permitted for a Payday Loan is 15% of the principal. In other words, the cost is $15 per $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $45, with a total payback amount of $345 and an APR of 391.07%.