1. Our Commitment to Responsible Lending
CashPocket.ca is an independent loan comparison and referral platform. We are not a lender and do not issue loans or make credit decisions.
However, we are committed to promoting responsible borrowing practices and working only with reputable lending partners that operate in accordance with applicable Canadian federal and provincial laws.
We recognize that short-term loans may carry significant costs and should be used carefully.
2. Our Role as a Referral Platform
CashPocket.ca:
- Connects consumers with third-party lenders
- Does not set loan terms, interest rates, or fees
- Does not guarantee approval
- Does not collect loan repayments
All lending decisions are made by independent third-party lenders. Once you are redirected or matched, the lender’s policies apply.
3. Responsible Borrowing Principles
We encourage all users to:
- Borrow only what is necessary
- Review total repayment amounts before accepting a loan
- Understand interest rates, fees, and penalties
- Ensure repayment ability before committing
- Consider alternatives when appropriate
Short-term loans are generally intended for emergency or temporary financial needs, not long-term financial solutions.
4. Transparency & Disclosure
We support transparent lending practices and expect our referral partners to:
- Clearly disclose loan amounts, fees, and repayment schedules
- Provide full cost breakdowns before agreement
- Comply with provincial payday loan regulations
- Avoid misleading advertising
Users should always review the lender’s agreement carefully before accepting any offer.
5. Compliance With Canadian Regulations
Loan regulations vary by province and territory in Canada.
Our partners are expected to comply with applicable laws, including:
- Provincial payday lending regulations
- Consumer protection legislation
- Licensing and disclosure requirements
Borrowers should confirm that any lender they engage with is properly licensed in their province.
6. No Guarantee of Approval
CashPocket.ca does not guarantee:
- Loan approval
- Specific loan amounts
- Approval timelines
- Funding speed
Approval is subject to lender underwriting criteria, which may include income verification and other eligibility checks.
7. Protection of Consumer Information
We are committed to responsible data handling practices and implement security safeguards to protect personal information in accordance with our Privacy Policy.
Information submitted through our platform may be shared with third-party lenders solely for the purpose of evaluating loan eligibility.
8. Protection Against Predatory Practices
CashPocket.ca does not knowingly partner with lenders that:
- Charge undisclosed fees
- Require upfront loan processing payments
- Engage in harassment or abusive collection practices
- Misrepresent loan terms
If users believe a lender has acted improperly, we encourage them to contact the lender directly and report concerns to appropriate provincial consumer protection authorities.
9. Alternatives to Short-Term Loans
We encourage users to consider alternatives before applying for a payday or short-term loan, including:
- Payment arrangements with creditors
- Credit union small-dollar loans
- Employer salary advances
- Government assistance programs
- Financial counselling services
Short-term borrowing should be considered a last resort.
10. Financial Education
We aim to provide educational content to help Canadians make informed financial decisions. This may include:
- Articles explaining loan regulations
- Guides to understanding loan costs
- Tips for improving credit standing
- Resources for managing debt responsibly
Information on our website is for general educational purposes only and does not constitute financial advice.
11. Complaints & Concerns
If you have concerns regarding:
- Our referral practices
- Data handling
- A lender interaction initiated through our platform
Please contact us at:
Email: support@cashpocket.ca
Website: https://cashpocket.ca
