We provide loans to pay off payday loans in BC and Alberta, Canada. Our interest rates are a fraction of the cost and our terms are longer, too. Repay your payday loans by borrowing from No Credit Check Loans. Break the cycle of ultra-high interest debt and give yourself the breathing room you need.
Are payday loans bad options for borrowers?
Payday loans can be useful if you’re in a short-term financial bind. But many people are unable to manage the high cost of borrowing associated with these sorts of products. They then often borrow again to cover the first loan and quickly get trapped in a spiral of debt. It can be financially devastating.
What happens if you don’t repay a payday loan?
Like all lenders, payday lenders can hire collections agencies, sue borrowers, garnish their wages and place liens on their property. This can be stressful and cause years’ worth of damage to one’s credit score.
How we can help
Do you need help paying off payday loans? No Credit Check Loans is a Canadian private lender that serves Alberta and BC. We offer unsecured personal loans for borrowers to repay their payday loans. Our rates are comparatively low. By borrowing from us instead you can save hundreds of dollars a year in interest and fees.
Is it legal to borrow money to pay other debts?
Yes, it is perfectly legal and is known as a refinance or a debt consolidation. Borrowers are allowed to take loans to pay off payday loans, provided that the lender has agreed to it. When you borrow from us, we’re specifically lending to you for that purpose.
What makes us different from payday lenders?
We don’t issue payday loans at all. Payday loans are short-term, high interest borrowing products. They generally need to be repaid within a couple of weeks and can have an annual interest rate of hundreds of percent.
In contrast, our rates hover at around 15-31% per year, and you have a whole year to pay us back. We’re here to be your exit strategy from payday loans.
The best way to get out of payday loan debt is to refinance at the lowest possible rate. Aside from friends and family members, it’s unlikely that you’ll find a cheaper option than us.
Who can apply for a loan to pay off a payday loan?
Our loans to pay off payday loans are available to residents of Alberta and BC who earn at least $4,000 per month. Apply now by clicking the button below.