THE CREDITLY GUIDE
Payday loan alternatives in Canada
An urgent expense deserves a clear decision. Understand the repayment plan before choosing a short-term loan.
Start with the expense
Before borrowing, ask whether a bill can be deferred or paid in instalments. A payment arrangement may address the immediate need without taking on another loan.
Compare available alternatives
Ask your bank or credit union about a personal loan, line of credit or other available options. Compare fees and repayment dates for the same borrowing amount.
Plan beyond the next payday
Check what remains for rent, food and other essentials after repayment. If a new loan would force you to borrow again, pause and discuss other arrangements with your creditors.
Learn more from the Financial Consumer Agency of Canada. General information, not personalized financial advice.
A LITTLE KNOW-HOW
Clarity before commitment.
Payday loan alternatives in Canada
An urgent expense deserves a clear decision. Understand the repayment plan before choosing a short-term loan.
Read the guideTHE BORROWING GUIDE / 02Exploring loans with bad credit in Canada
Your credit history is one part of the picture. Here are the questions to ask before another application.
Read the guideYOUR NEXT STEP, YOUR CALL
Big plans.
Small first step.
Explore my optionsFree to explore. No obligation to accept an offer.