Caitlin Wood

Caitlin is a graduate of Dawson College and Concordia University. A veteran in the personal finance sector, she has been with Loans Canada for over ten years and has authored hundreds of articles that have been featured in news and FinTech publications across Canada. She is a big proponent of financial literacy and education.

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Debt

Bad Credit Loan or Cash Advance: which is the right choice?

Explore how cash advances and bad credit loans offer relief, each with distinct terms, amidst rising inflation and stagnant incomes for Canadians. Discover which option suits you best: bad credit loan or cash advance?

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* There is a minimum period of 1 day set for the repayment of the loan. Extensions on the repayment period can be availed by contacting our support team. Please note, the maximum permissible period for repayment is 90 days from the date the loan is issued.

** The APR on the amount drawn from Bree is 0%. APR refers to the annual rate, generally inclusive of interest rate plus fees and other costs for a year. However, we do not mandate any fees or interest charges, making our maximum APR 0%.

*** To illustrate an example, if you were to receive a line of credit of $100 for a term of 90 days, under our terms, you would be obligated to repay exactly $100 if standard delivery was selected. There would be no additional fees or interest charged on this amount. In this example, on a $100 loan for 90 days, the interest rate is 0%, the total cost of borrowing is $0, with a total payback of $100, and an APR of 0%.

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