Do payday loan laws in Toronto permit rollovers?

Rollover loans are not allowed in Ontario. This means you can't roll what you owe on a payday loan into a second payday loan. You can't get another payday loan from the same lender before paying your first loan in full.

Can I get a no credit check payday loan in Toronto?

Several lenders in Toronto, such as PAY2DAY, Wagepay and Money Mart, don't do credit checks. Instead, they'll be more interested in you having enough income to repay their loan.

Can I get 24/7 payday loans in Toronto?

Yes. Several Toronto payday lenders allow you to apply, get approved and get funded for a payday loan 24/7, such as iCash, PAY2DAY and Wagepay. Some have store locations that are open 24 hours, while others offer automated online approvals and funding via e-Transfer.

Who can I contact if I have a complaint about my payday loan?

You can file a complaint with Consumer Protection Ontario, which will act on your behalf if the company fails to respond to a preliminary letter of complaint.

Can I go to jail for not repaying a payday loan in Ontario?

No, according to federal laws in Canada, you can't be arrested for unpaid debt. It's also illegal for a debt collector to threaten you with jail time. So if your lender attempts this, don't feel like you have to go along with it. You may even be able to report the lender to Consumer Protection Ontario for illegal practices. To learn more about what can happen if you default on a payday loan, like whether or not a lender can take you to court, read our full guide here.