Commonly Asked Questions

Of cause we are! Mr. Payday is a direct & licensed payday loan lender that has been in business since 2002. Mr. Payday has been rated on TrustPilot by over 900 customers 

Your monthly income should be at least $1100 from the following sources: employment, CPP, EI, WCB or Non-Government Disability benefits. If employed, you should have been with your current employer for more than 2 months. You must have an active chequing account and have your income deposited into that bank account. You must have an active phone number that we can reach you at.

Simply click on “Apply Now” button, and fill out our online application form. The application process is easy and fast. In most cases you don’t need to fax/email any documents. We have a simple online verification process.

Once your loan application is approved, you will receive your funds within an hour via Interac Email Money Transfer.

We extend loans of between $100 and $1500. The maximum you can borrow is calculated based on your net income. Fill out our online application form to find out.

In order to get a loan from Mr. Payday you must be currently employed or receiving CPP, Private Pension, EI, WCB, CTC or Non-Government Disability benefits. Your monthly income should be over $1,100 a month.

Bad Credit? No Credit? Past Bankruptcies? No Problem! Mr. Payday does not care about your credit history. To get your loan approved, we determine your ability to pay back the loan using alternative scoring algorithms.

We cannot lend to customers who are currently in bankruptcy, but any discharged bankruptcies are of no concern.

Unfortunately, we do not lend to self-employed people, on social assistance, or government disability. People who are paid by commission only will be considered for a loan in circumstances where we can see a steady source of income that is deposited into their bank account. You must not have filed for bankruptcy in the past year. A loan officer makes the final decision.

On the agreed date, Mr. Payday will automatically withdraw your loan payment directly from your bank account.

You can only have one payday loan outstanding with Mr. Payday at a time. As soon as your previous loan is paid, you can apply for another payday loan.

Call us immediately. A “returned pre-authorized payment” could cost you substantial “NSF” fees by your bank and can also damage your credit standing. While your obligation to repay is not waived, we will attempt to assist you.

We would not stay in business if our customers did not honour their loan agreements. We collect delinquent loans using all legal remedies available including legal debt collection and civil court action.

Don’t hesitate to give us a call at 1-855-959-0880.