Terms and Conditions

allcreditsource Services Inc. ("allcreditsource") collects personal information, including your name, address, telephone number, social insurance number, income and other financial information, banking, vehicle, and reference information to confirm your identity and qualify you for the services for which you have applied. From time to time, allcreditsource may share this information with its subsidiaries as well as third party collection agencies whom we engage to assist us in the collection of bad debt or to agencies that acquire bad debt.

By completing this form, you acknowledge that you will be contacted by one of our representatives regarding our products and services. Also, by way of this form, you consent to allcreditsource using your personal information for the purposes stated above and in accordance with our Privacy Policy. This policy is available on our web site. References cannot live at the same address and at least one must be a family member and all must be people you speak with regularly.

The following documents will be required to process your loan.

  • Completed Loan Application form;
  • Two (2) Copies of last pay stubs;
  • A statement showing last 30 days of banking transactions;
  • Recent phone bill (from the home address listed on application);
  • Copies of two (2) pieces of ID - Government issued with photo and signature;
  • Lease Agreement, Rent Receipt, proof of mortgage, or a signed statement from someone you are living with.

I certify that the information provided on this form is correct. I authorize complete verification of all information that I have provided, including use of a Consumer Credit Report. You may contact any person or company listed on the previous page and I fully release all parties from liability for any damage that may result. I confirm that I have given my consent for the purpose outlined above. By submitting an application online for a loan with allcreditsource Services, you agree that the information you have given allcreditsource Services on the application is complete and accurate. You agree that you have read our privacy policy and terms of use, and that you consent to, and accept this as written consent to authorize allcreditsource Services to contact your employer to verify your employment and to obtain a copy of your credit report from one of the Canadian credit reporting agencies.

Please Read Before Signing: As a condition of allcreditsource Services lending me money based on the information provided above, I make the following representation: I am not contemplating filing for bankruptcy within the next four months and have not consulted with an attorney or trustee concerning bankruptcy in the last 2 months.

Please note that allcreditsource Services does not currently lend to or solicit business from U.S. residents or residents of countries other than Canada. Please note that allcreditsource Services does not ever request a security deposit in exchange for processing a loan. Should you receive any such calls or requests, please contact our support centre at 1-888-512-3279.

To protect both you and us, we use services provided by a third-party to help decide whether to accept transactions from personal computers, mobile phones, or other devices. The third-party service checks whether these devices have been identified with fraudulent or abusive transactions in the past, such as reported instances of identity theft, account takeovers, or malware attacks. For this purpose, a cookie file, flash storage token, or other code file may be placed on your device to identify it in the future when you visit our website or connect with our applications. On connection with our site or service, we will transmit that device identification code to the third-party''s server, along with data concerning certain technical attributes of your device such as the model, operating system, and browser version, as well as the IP address, all of which are used to confirm device identification. The third-party''s server responds with a code recommending that transactions be accepted, denied, or reviewed, according to settings we have selected. We also report to the third-party if we conclude that a device has been used in connection with a fraudulent or abusive transaction with us. If you set your browser or device to reject these cookies or tokens, you may not be able to conclude some transactions through our website or application. We share with the third-party referenced above only information about the device you are using, which may also have been used or appropriated by others, and do not identify you or reveal the details of your transaction to that third-party. If your requested transaction is declined, or if you have questions about our use of a "device reputation" service, please contact Customer Service"   

APR

We know that fine print can be painful, but we believe it''s important you have all the facts!

allcreditsource.com is a division of allcreditsource.com Ltd., Canada''s largest lease-to-own furniture, electronics, appliances, and computer retailer. allcreditsource.com offers a variety of financial services, including loans and prepaid cards. allcreditsource.com Ltd. is listed on the TSX under the symbol ''EH''. For more information.

24 hour approval (between Monday - Saturday) based on a completed application and customer verification including a credit check. Payments are due on scheduled income deposits. Loans are based on a 9-36 month term and loan amounts range from $500-$5,000. Ask for details.

allcreditsource.com offers short term personal loans and is not a credit repair service. allcreditsource.com Services may help improve your credit score by building a credit history provided your payments are made in full and on-time.

Some restrictions and limitations may apply. Ask for details.

Payment includes loan protection insurance fees, but excludes applicable provincial taxes and prepaid card fees.

Amount does not include cost of insurance.

If you take out a $500 loan for a 2 week period and renew it 13 times over a 9 month period.

If you only pay the monthly minimum amount ($10 or 3% of balance, whichever is larger) with an annual interest rate of 19%. Source: Financial Consumer Agency of Canada (www.fcac-acfc.gc.ca)

If you take out a loan on a 5 year term with an annual interest rate of 8%. Source: TD Canada Trust Loan Payment Calculator (www.tdcanadatrust.com)

Effective April 2nd, 2014, allcreditsource.com and allcreditsource.com locations no longer support reloading of funds onto the Prepaid MasterCard via cash or debit. Reloading funds to your Prepaid MasterCard can still be done through online banking. For further inquiries, please email epic@allcreditsource.com

Credit Score Impact

While having a loan and honouring its obligations can help build credit, too many loans may be seen by potential creditors as an increased risk, and failure to meet repayment obligations will result in a negative report to the credit bureaus, which would reduce your credit score. Please borrow responsibly.

Renewals

Loans from allcreditsource.com Services do not automatically renew. Customers have the option to request an increase to their loan after paying down a percentage of their current loan amount and maintaining good payment history. Such a request would be subject to the company''s standard underwriting rules.

Financial Implications

allcreditsource.com Services offers personal loans from $500 to $5,000 with terms from 9 to 36 months. The APR is 39.78%, and there are no additional fees for the loan. allcreditsource.com Services does not charge a late fee, but payments returned NSF (non-sufficient funds) will be assessed a $50 fee in addition to fees charged by the customer''s financial institution.

Collections Practices

allcreditsource.com Services contacts customers in arrears as soon as possible. allcreditsource.com contacts customers in arrears through various means including, but not limited to telephone, email, postal mail, and SMS. allcreditsource.com Services may work with third parties to assist in collections activities.