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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* Each draw on your Bree line of credit has a repayment term of up to 90 days from the date it is issued. You can repay early at any time at no additional cost. If you need to adjust your repayment date within that term, you may contact our customer support team.

** Bree charges no interest and no mandatory fees on draws, so the APR is 0%. APR refers to the annual cost of borrowing, including interest and fees. However, we do not mandate any fees or interest charges, making our maximum APR 0%. Optional services, such as instant delivery, are clearly priced and disclosed before you confirm a draw.

*** 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 draw 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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