{"id":758999,"date":"2019-01-13T22:46:33","date_gmt":"2019-01-14T03:46:33","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=758999"},"modified":"2026-01-23T14:57:40","modified_gmt":"2026-01-23T19:57:40","slug":"personal-loan-scams","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-loan-scams","title":{"rendered":"Personal Loan Scams: Who Are Legitimate Loan Companies?"},"content":{"rendered":"<p>The Canadian Anti-Fraud Centre reports that Canadians lost $645 million to fraud in 2024 and $544 million in 2025, as of September 30. That\u2019s why it\u2019s important to shop around for legitimate loan companies in Canada and know how to spot personal loan scams before they happen to you.<\/p><div class=\"keyTakeaways\">\n  <div class=\"keyTakeaways__header\">\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"32\" height=\"21\" viewbox=\"0 0 314.16 201.03\" fill=\"none\">\n  <path d=\"M212.32,190.62c-19.66,0-38.8-6.44-54.42-18.24-15.63,11.79-34.77,18.24-54.42,18.24-49.84,0-90.39-40.55-90.39-90.39V9.83h199.24c49.84,0,90.39,40.55,90.39,90.39s-40.55,90.39-90.39,90.39Z\" fill=\"white\"><\/path>\n  <path d=\"M212.32,15.9c46.57,0,84.33,37.75,84.33,84.33h0c0,46.57-37.75,84.33-84.33,84.33h0c-20.75,0-39.74-7.51-54.42-19.94-14.69,12.43-33.68,19.94-54.42,19.94h0c-46.57,0-84.33-37.75-84.33-84.33V15.9h193.18M212.32,3.76H7.01v96.46c0,53.19,43.27,96.46,96.46,96.46,19.47,0,38.46-5.92,54.43-16.84,15.96,10.91,34.95,16.84,54.42,16.84,53.19,0,96.46-43.27,96.46-96.46S265.51,3.76,212.32,3.76h0Z\" fill=\"#232320\"><\/path>\n  <path d=\"M216.34,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"><\/path>\n  <path d=\"M105.92,90.21c.19-1.69,1.76-2.87,3.43-2.6,11.91,1.94,22.41-7.31,20.93-20.1-.45-3.93-2.28-6.56-4.43-9.31-1.05-1.35-.74-3.34.71-4.26,15.6-9.82,31.64-1.91,40.78,13.29,11.21,18.64,11.54,47.15.53,65.94-15.41,26.3-42.91,23.48-56.04-3.04-6.09-12.29-7.47-26.4-5.92-39.93Z\" fill=\"#232320\"><\/path>\n<\/svg>        <h3 data-toc=\"false\">Key takeaways<\/h3>\n  <\/div>\n\n    <ul>\n          <li>Be wary of promos and offers that seem too good to be true, especially if you don\u2019t have perfect credit. They\u2019re likely a scam.<\/li>\n          <li>Steer clear of companies that require you to make upfront payments, such as for \u201cloan insurance.\u201d<\/li>\n          <li>Look for the company\u2019s contact information, terms and conditions, privacy policy and business registration to check if it\u2019s legit.<\/li>\n      <\/ul>\n\n  \n  <\/div>\n<h3 id=\"legit\">Legitimate loan companies in Canada<\/h3><p>Browse the table below to find samples of legitimate loan companies in Canada.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 25%;\" scope=\"col\">Personal loan lender<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Key features<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Why it is legit<\/th><th style=\"text-align: left; width: 15%;\" scope=\"col\"><\/th><\/tr><\/thead><tbody><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-949059\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png\" alt=\"Loans Canada\" width=\"215\" height=\"86\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoansCanada_Supplied_250x100.png?fit=645 645w\" sizes=\"(max-width: 645px) 100vw, 645px\" loading=\"lazy\"><p>\u00a0<\/p><\/td><td><ul><li>Loan amount: $500 \u2013 $35,000<\/li><li>Loan term: 6 - 60 months<\/li><li>Rates: 9.99% - 35.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>Loans Canada only works with financial service providers that adhere to Canadian laws and regulations.<\/td><td style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loans-canada-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFPL%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bluna-button--fluid%2B%22%2C%22offer_id%22%3A%2217711%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22product_id%22%3A%2293a41e3b-0889-4fb6-8474-4a164deb7b8a%22%2C%22product_name%22%3A%22Loans%2BCanada%2BPersonal%2BLoan%22%2C%22provider_id%22%3A%2222495a20-537f-4e7e-beec-8f771582bcb8%22%2C%22provider_name%22%3A%22Loans%2BCanada%22%2C%22post_id%22%3A%22758999%22%2C%22post_path%22%3A%22personal-loans%252Fpersonal-loan-scams%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--fluid luna-button--success luna-button--fluid \">Go to site<\/a><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loans-canada-personal-loan-review\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-949055\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png\" alt=\"Spring Financial\" width=\"180\" height=\"72\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SpringLogo_supplied_250x100.png?fit=540 540w\" sizes=\"(max-width: 540px) 100vw, 540px\" loading=\"lazy\"><\/td><td style=\"text-align: left;\"><ul><li>Loan amount: $500 \u2013 $35,000<\/li><li>Loan term: 6 - 84 months<\/li><li>Rates: 9.99% - 34.95%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>Spring Financial has given loans to hundreds of thousands of Canadians since its inception in 2014. It also has 4.6\/5 stars based on 19,700+ Trustpilot reviews<\/td><td style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/spring-financial-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFPL%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bluna-button--fluid%2B%22%2C%22offer_id%22%3A%2219898%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22product_id%22%3A%22eaaf66e3-6e5c-4fe3-a7f7-76f5e7410de7%22%2C%22product_name%22%3A%22Spring%2BFinancial%2BPersonal%2BLoan%22%2C%22provider_id%22%3A%22cc20aa09-5252-4493-895e-a57261c5361b%22%2C%22provider_name%22%3A%22Spring%2BFinancial%22%2C%22post_id%22%3A%22758999%22%2C%22post_path%22%3A%22personal-loans%252Fpersonal-loan-scams%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--fluid luna-button--success luna-button--fluid \">Go to site<\/a><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/spring-financial-personal-loan-review\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-949052 has-padding-top-small\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png\" alt=\"LoanConnect\" width=\"250\" height=\"75\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/LoanConnectLogo_supplied_250x75.png?fit=750 750w\" sizes=\"(max-width: 750px) 100vw, 750px\" loading=\"lazy\"><div style=\"padding-top: 10px;\"><\/div><p>\u00a0<\/p><\/td><td><ul><li>Loan amount: $500 \u2013 $60,000<\/li><li>Loan term: 3 - 120 months<\/li><li>Rates: 8.99% - 35.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>LoanConnect vets all the loan providers it works with to make sure your money is safe. It also has dedicated customer support and a large customer base.<\/td><td style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loanconnect-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFPL%22%2C%22class%22%3A%22luna-button%2Bluna-button--fluid%2Bluna-button--success%2Bluna-button--fluid%2B%22%2C%22offer_id%22%3A%2215388%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22product_id%22%3A%227fd7d7fc-e864-45a9-b585-bfadfd222da4%22%2C%22product_name%22%3A%22LoanConnect%2BPersonal%2BLoan%22%2C%22provider_id%22%3A%22a95b0463-1871-4f05-98ce-2bd750cc8d80%22%2C%22provider_name%22%3A%22LoanConnect%22%2C%22post_id%22%3A%22758999%22%2C%22post_path%22%3A%22personal-loans%252Fpersonal-loan-scams%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--fluid luna-button--success luna-button--fluid \">Go to site<\/a><div style=\"padding-top: 10px;\"><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loanconnect-personal-loan\" rel=\"noopener noreferrer\">Read review<\/a><\/div><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-949056 has-padding-top-small\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png\" alt=\"SkyCap\" width=\"308\" height=\"49\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/SkyCap_HiReslogo.png?fit=924 924w\" sizes=\"(max-width: 924px) 100vw, 924px\" loading=\"lazy\"><\/td><td style=\"text-align: left;\"><ul><li>Loan amount: $500 \u2013 $100,000<\/li><li>Loan term: 9 - 60 months<\/li><li>Rates: 8.99% - 35%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>SkyCap Financial is a registered corporation and is accredited by the Better Business Bureau with an A+ rating.<\/td><td style=\"text-align: center;\"><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/skycap-financial\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><tr><td style=\"text-align: center;\"><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/06\/Gopeer_supplied_300x167.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"wp-image-1048548 aligncenter\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/06\/Gopeer_supplied_300x167.jpg\" alt=\"Gopeer\" width=\"148\" height=\"82\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/06\/Gopeer_supplied_300x167.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/06\/Gopeer_supplied_300x167.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2021\/06\/Gopeer_supplied_300x167.jpg?fit=444 444w\" sizes=\"(max-width: 444px) 100vw, 444px\" loading=\"lazy\"><\/a><\/td><td style=\"text-align: left;\"><ul><li>Loan amount: $1,000 \u2013 $35,000<\/li><li>Loan term: 36 or 60 months<\/li><li>Rates: 8.99% - 34.99%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>Peer Securities, the subsidiary that goPeer uses for issuing exempt market securities, is a member of the Ombudsman for Banking Services and Investments. It\u2019s a registered exempt market dealer in all Canadian provinces.<\/td><td style=\"text-align: center;\"><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/gopeer-personal-loans-review\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-985308\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/05\/MDGLogo_Supplied_218x119.png\" alt=\"MDG logo\" width=\"218\" height=\"119\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/05\/MDGLogo_Supplied_218x119.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/05\/MDGLogo_Supplied_218x119.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/05\/MDGLogo_Supplied_218x119.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/05\/MDGLogo_Supplied_218x119.png?fit=654 654w\" sizes=\"(max-width: 654px) 100vw, 654px\" loading=\"lazy\"><\/td><td style=\"text-align: left;\"><ul><li>Loan amount: Up to $1,600<\/li><li>Loan term: Up to 36 months<\/li><li>Rates: Undisclosed<\/li><\/ul><\/td><td>MDG Financial has an A+ rating with the BBB. Beyond personal financing, MDG has been selling electronics since 1991. The company has received more than 3,000 customer reviews on Trustpilot with a rating of 3.9\/5.<\/td><td style=\"text-align: center;\"><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/mdg-financial-review\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-987493 has-padding-top-small\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/08\/LoanzLogo_Supplied_396x123.png\" alt=\"Loanz\" width=\"203\" height=\"63\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/08\/LoanzLogo_Supplied_396x123.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/08\/LoanzLogo_Supplied_396x123.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/08\/LoanzLogo_Supplied_396x123.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2020\/08\/LoanzLogo_Supplied_396x123.png?fit=609 609w\" sizes=\"(max-width: 609px) 100vw, 609px\" loading=\"lazy\"><\/td><td style=\"text-align: left;\"><ul><li>Loan amount: $1,000 \u2013 $15,000<\/li><li>Loan term: 12 - 60 months<\/li><li>Rates: 29.90% - 46.90%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>Loanz\u2018s parent company is Consumer Genius Inc. In 2021, Consumer Genius was named Canada\u2019s 17th fastest growing company by the Globe and Mail\u2019s Report on Business.<\/td><td style=\"text-align: center;\"><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loanz-personal-loan-review\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-1033452\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/03\/FairstoneLogo_300x100.jpg\" alt=\"Fairstone logo\" width=\"276\" height=\"92\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/03\/FairstoneLogo_300x100.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/03\/FairstoneLogo_300x100.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/03\/FairstoneLogo_300x100.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2024\/03\/FairstoneLogo_300x100.jpg?fit=828 828w\" sizes=\"(max-width: 828px) 100vw, 828px\" loading=\"lazy\"><div style=\"padding-top: 10px;\"><\/div><p>\u00a0<\/p><\/td><td><ul><li>Loan amount: $5,000 \u2013 $60,000<\/li><li>Loan term: 36 - 120 months<\/li><li>Rates: 19.99% - 23.99%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>Fairstone is an A+ rated Accredited Business by the Better Business Bureau (BBB).<\/td><td style=\"text-align: center;\"><div style=\"padding-top: 10px;\"><a class=\"luna-button luna-button--ghost luna-button--primary luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/fairstone\" rel=\"noopener noreferrer\">Read review<\/a><\/div><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-928014\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/08\/FlexMoney_supplied_300x273.png\" alt=\"FlexMoney\" width=\"100\" height=\"90\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/08\/FlexMoney_supplied_300x273.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2018\/08\/FlexMoney_supplied_300x273.png?fit=300 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" loading=\"lazy\"><div style=\"padding-top: 10px;\"><\/div><p>\u00a0<\/p><\/td><td><ul><li>Loan amount: $500 \u2013 $15,000<\/li><li>Loan term: 6 - 60 months<\/li><li>Rates: 18.90% - 35.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>FlexMoney clearly displays its high-cost credit licence for BC and Alberta. It also uses tools like bank-level encryption to protect your information and has an A+ BBB rating.<\/td><td style=\"text-align: center;\"><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/flexmoney-installment-loan-review\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><tr><td style=\"text-align: center;\"><img decoding=\"async\" class=\"alignnone wp-image-983249\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/MagicalCreditLogo-transparent_Supplied_450x250.png\" alt=\"magical credit\" width=\"185\" height=\"103\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/MagicalCreditLogo-transparent_Supplied_450x250.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/MagicalCreditLogo-transparent_Supplied_450x250.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2019\/01\/MagicalCreditLogo-transparent_Supplied_450x250.png?fit=555 555w\" sizes=\"(max-width: 555px) 100vw, 555px\" loading=\"lazy\"><div style=\"padding-top: 10px;\"><\/div><p>\u00a0<\/p><\/td><td><ul><li>Loan amount: $1,500 \u2013 $20,000<\/li><li>Loan term: 12 - 60 months<\/li><li>Rates: 19.99% - 35.00%<span class=\"table-popover\" rel=\"popover\" data-content=\"Interest rates shown reflect the Annual Percentage Rate (APR) range currently advertised by the lender and are subject to change anytime, without notice. Finder does not guarantee that the figures shown will continue to be accurate or current. Figures shown are solely intended to be indicative and for general informational purposes only. Confirm the actual rates currently offered with the lender directly. Your exact rate, if any is offered to you, will be determined solely by the lender based on its assessment of your loan application, which is subject to the lender\u2019s terms and conditions and credit criteria.\" title=\"\" data-original-title=\"\"><\/span><\/li><\/ul><\/td><td>Magical Credit clearly displays its payday licence for Ontario, BC and Alberta and its consumer-lending licences for Alberta and BC.<\/td><td style=\"text-align: center;\"><a class=\"luna-button luna-button--primary luna-button--ghost luna-button--fluid\" role=\"button\" href=\"https:\/\/www.finder.com\/ca\/personal-loans\/magical-credit\" rel=\"noopener noreferrer\">Read review<\/a><\/td><\/tr><\/tbody><\/table><h3>Are other loan companies legitimate?<\/h3><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Is Compass Cash, or compasscash.ca, legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Compass Cash\u2019s legitimacy. Its website is very underdeveloped, with no information about rates and fees, contact details or a physical address. There are also no Compass Cash reviews online, and we couldn\u2019t find a business registration.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Is Snago Lending legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>No, we\u2019re not signing off on Snago Lending\u2019s legitimacy. The website has now been suspended. Additionally, the Better Business Bureau has listed a warning for Snago Lending stating that it\u2019s using a Winnipeg, Manitoba address but isn\u2019t located there. It also states that Snago Lending asks for upfront fees, which is a type of loan scam.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Is GoLoans legit in Canada?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We like that the company clearly shows loan fees on its website, and has a privacy policy, terms and conditions, a phone number and a physical address. However, GoLoans.ca reviews are mixed, with the company earning a 3.0\/5 rating based on over 400 reviews on Trustpilot and a B+ rating on the BBB. Even though the company is based in Alberta, we couldn\u2019t find a GoLoans licence in the Alberta business registry or in the Canadian, Qu\u00e9bec, Ontario or BC registries.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">Is Canada Lending Corp legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Canada Lending Corp\u2019s legitimacy. According to the Financial Services Regulatory Authority of Ontario, Canada Lending Corp doesn\u2019t have a licence to provide mortgages and also asks for upfront fees, which is a red flag. There are also no Canada Lending Corp reviews online at the time of writing.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000004\" data-toggle=\"collapse\" data-target=\"#accordion0000000004\">\n        <span class=\"luna-accordion__title\">Is Loans Canada legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000004\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, Loans Canada is a legit online loan provider company. But, unfortunately, Loans Canada has fake impersonators. This is why it\u2019s important to access Loans Canada loans directly through <a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/personal-loans\/loans-canada-personal-loan-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22the%2Bcompany%2527s%2Bwebsite%22%2C%22site%22%3A%22CAFPL%22%2C%22offer_id%22%3A%2217711%22%2C%22niche_code%22%3A%22CAFPL%22%2C%22product_id%22%3A%2293a41e3b-0889-4fb6-8474-4a164deb7b8a%22%2C%22product_name%22%3A%22Loans%2BCanada%2BPersonal%2BLoan%22%2C%22provider_id%22%3A%2222495a20-537f-4e7e-beec-8f771582bcb8%22%2C%22provider_name%22%3A%22Loans%2BCanada%22%2C%22post_id%22%3A%22758999%22%2C%22post_path%22%3A%22personal-loans%252Fpersonal-loan-scams%22%2C%22post_country%22%3A%22ca%22%7D\">the company's website<\/a>. If you\u2019re wondering if the Loans Canada correspondence you\u2019ve received is legit, you should call the company directly yourself to ask if it tried to contact you.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000005\" data-toggle=\"collapse\" data-target=\"#accordion0000000005\">\n        <span class=\"luna-accordion__title\">Is Personal Loan Pro legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000005\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, Personal Loan Pro seems legit. It\u2019s a loan search marketplace rather than a direct lender, and it states it only works with third-party providers who adhere to Canadian laws and regulations.<\/p><p>That being said, you should look into any lender you\u2019re matched with before signing an agreement, as there are no Personal Loan Pro Canada reviews online to confirm its trustworthiness.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000006\" data-toggle=\"collapse\" data-target=\"#accordion0000000006\">\n        <span class=\"luna-accordion__title\">Is Symple Loans legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000006\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Symple Loans\u2019 legitimacy. Symple Loans <em>was<\/em> a legitimate lender, but it\u2019s no longer in business in Canada. We cannot confirm the legitimacy of symple-loan.ca.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000007\" data-toggle=\"collapse\" data-target=\"#accordion0000000007\">\n        <span class=\"luna-accordion__title\">Is AAR Financial legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000007\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, AAR Financial is legitimate. It has a business registration, and its website is well-developed with detailed loan information, contact details, a physical address and lending licences for BC and Alberta. However, there are many negative AAR Financial reviews. The company has a 1.7\/5 rating on Trustpilot, with borrowers saying they were overcharged or never received their funds after approval but still had a lien put on their vehicles.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000008\" data-toggle=\"collapse\" data-target=\"#accordion0000000008\">\n        <span class=\"luna-accordion__title\">Is Green Loans legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000008\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, Green Loans is legit. It has a well-developed website with loan information, a phone number, physical address, privacy policy and terms and conditions. However, there are no greenloans.ca reviews at the time of writing. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/green-loans-review\">Learn more in our Green Loans review<\/a>.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000009\" data-toggle=\"collapse\" data-target=\"#accordion0000000009\">\n        <span class=\"luna-accordion__title\">Is LendingMate legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000009\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>LendingMate is a registered business in BC, and its website displays its loan information, email, privacy policy and terms of use. However, there are a lot of negative Lending Mate reviews, with the company scoring a 1.9\/5 on Trustpilot and an F rating on BBB for failing to respond to three complaints against the business. One of the complaints was that LendingMate asked a borrower to send pictures of gift cards they bought to pay for upfront fees, which is a common loan scam, though keep in mind that scammers sometimes impersonate legitimate lenders.<\/p><p>This<em> information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000010\" data-toggle=\"collapse\" data-target=\"#accordion0000000010\">\n        <span class=\"luna-accordion__title\">Is Trusted Financial legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000010\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Trusted Financial\u2019s website displays its phone number, address, email and privacy policy, and there are over 20 Trusted Financial reviews on Google Maps, giving the company a 4.5\/5. Trusted Financial focuses on corporate financing, so it likely won\u2019t meet your needs anyway.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000011\" data-toggle=\"collapse\" data-target=\"#accordion0000000011\">\n        <span class=\"luna-accordion__title\">Is Safe Cash legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000011\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on its legitimacy. Safe Cash is a payday lender that claims to be licensed but displays no licence number anywhere on its website. It also states its interest rate is $15 per $100 borrowed, which is above the federally mandated limit of $1,500 on payday loans that applies across most of Canada. That being said, there are positive Safe Cash loans reviews on Trustpilot, with the company earning a 4.6\/5.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000012\" data-toggle=\"collapse\" data-target=\"#accordion0000000012\">\n        <span class=\"luna-accordion__title\">Is Crisp Loans legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000012\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Crisp Loans\u2019 legitimacy. Its website has detailed loan information, a physical address, terms of use and a privacy policy but no contact details, and we couldn\u2019t find a registration in Canada. There are also no Crisp Loans reviews online at the time of writing. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/crisp-loans-review\">Learn more in our Crisp Loans review<\/a>.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000013\" data-toggle=\"collapse\" data-target=\"#accordion0000000013\">\n        <span class=\"luna-accordion__title\">Is Lamina legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000013\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, they seem to be. Lamina Loans has an office address, phone number, email address, Google profile, Trustpilot profile, terms and conditions and privacy policy, which are all positive signals that they\u2019re legit. Its website is also owned and operated by Canada Inc, an active registered company in Quebec. And, Lamina Loans reviews are generally positive, with the company scoring a 4.5\/5 on Trustpilot. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loans-like-lamina\">Learn more about loans like Lamina.<\/a><\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000014\" data-toggle=\"collapse\" data-target=\"#accordion0000000014\">\n        <span class=\"luna-accordion__title\">Is Progressa legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000014\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, Progressa is a legitimate installment loan lender. It\u2019s accredited by the BBB with an A+ rating and has been verified by the Canadian Lenders Association.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000015\" data-toggle=\"collapse\" data-target=\"#accordion0000000015\">\n        <span class=\"luna-accordion__title\">Is CanLoaner legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000015\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>No, we\u2019re not signing off on CanLoaner\u2019s legitimacy. The site is missing a phone number and email address, and we couldn\u2019t find them in the business registry. Also, following an investigation, the BBB issued a warning that the company is likely a scam.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000016\" data-toggle=\"collapse\" data-target=\"#accordion0000000016\">\n        <span class=\"luna-accordion__title\">Is SupaSmartLoans legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000016\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on SupaSmartLoans\u2019 legitimacy. The site is missing an address, phone number and email address. We also couldn\u2019t find it in any business registry.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000017\" data-toggle=\"collapse\" data-target=\"#accordion0000000017\">\n        <span class=\"luna-accordion__title\">Is Personalized Loans legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000017\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Personalized Loans (personalizedloans.co) seems to be legit. They list their loan information, contact details, including a phone number, email and office address, and they\u2019re a member of the Canadian Lenders Association. Learn more in our <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loans-like-personalized-loans\">Personalized Loans guide<\/a>.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000018\" data-toggle=\"collapse\" data-target=\"#accordion0000000018\">\n        <span class=\"luna-accordion__title\">Is CompareHub by Loans Canada legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000018\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>CompareHub is a brand name used by Loans Canada, which is a legitimate company. It\u2019s been around for over a decade and is BBB accredited with an A+ rating. Learn more in our <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loans-canada-personal-loan-review\">Loans Canada personal loans review<\/a>.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000019\" data-toggle=\"collapse\" data-target=\"#accordion0000000019\">\n        <span class=\"luna-accordion__title\">Is Helpline Financial legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000019\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on its legitimacy. We can\u2019t find key factors like a phone number, email address or business registration. There are also no Helpline Financial reviews online at the time of writing.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000020\" data-toggle=\"collapse\" data-target=\"#accordion0000000020\">\n        <span class=\"luna-accordion__title\">Is DMO Credit legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000020\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>DMO Credit\u2019s website has an address, email, phone and fax number, privacy policy and detailed loan information. It also has fairly positive DMO Credit reviews on Google Maps with a 4.0\/5 rating. However, we couldn\u2019t find a business registration, and there are some negative reviews stating borrowers were overcharged or received poor customer service.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000021\" data-toggle=\"collapse\" data-target=\"#accordion0000000021\">\n        <span class=\"luna-accordion__title\">Is Payday Hero legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000021\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Payday Hero\u2019s legitimacy because of inconsistent information about crucial features: rates and loan terms. And there are only two negative Payday Hero reviews on Trustpilot, giving the company a 1\/5 rating. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/payday-hero-review\">Learn more in our Payday Hero review.<\/a><\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000022\" data-toggle=\"collapse\" data-target=\"#accordion0000000022\">\n        <span class=\"luna-accordion__title\">Is LenderBucks legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000022\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on LenderBucks\u2019 legitimacy. LenderBucks claims to be a licensed payday lender but doesn\u2019t display its licence number anywhere. Its website states its interest rate is $15 per $100 borrowed, which is above the federally mandated limit of $1,500. That being said, there are over 2,300 LenderBucks reviews on Trustpilot, with the company earning a 4.8\/5.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000023\" data-toggle=\"collapse\" data-target=\"#accordion0000000023\">\n        <span class=\"luna-accordion__title\">Is Loan Boys legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000023\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Loan Boys\u2019 legitimacy. Its website has a phone number, email address and privacy policy but no loan details, and we can\u2019t find it in any business registry. It also displays a Trustpilot score of 4.7\/5 based on 247 Loan Boys reviews, but its actual Trustpilot profile only has 3 reviews with a rating of 2.8\/5.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000024\" data-toggle=\"collapse\" data-target=\"#accordion0000000024\">\n        <span class=\"luna-accordion__title\">Is Loans Cart Canada legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000024\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>LoansCart.ca is a loan comparison platform rather than a direct lender. It says it only works with financial institutions and lending partners that comply with Canadian regulations, but you should research any lender you\u2019re matched with. At the time of writing, there are no Loans Cart reviews online, and its website footer says the maximum rate is 46.96%, which is higher than what\u2019s legally allowed. We also couldn\u2019t find a business registration.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000025\" data-toggle=\"collapse\" data-target=\"#accordion0000000025\">\n        <span class=\"luna-accordion__title\">Is Herald Lenders legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000025\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Herald Lenders\u2019 website lists a phone number, email and privacy policy but no physical address, and we couldn\u2019t find it in any business registries. There are also no Herald Lenders reviews online at the time of writing.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000026\" data-toggle=\"collapse\" data-target=\"#accordion0000000026\">\n        <span class=\"luna-accordion__title\">Is Philcan Finance legit in Canada?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000026\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Its website lists an office address, phone and fax number, email and privacy policy but minimal loan information. We couldn\u2019t find it in any business registry either, and there are no Philcan Finance reviews online.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000027\" data-toggle=\"collapse\" data-target=\"#accordion0000000027\">\n        <span class=\"luna-accordion__title\">Is Youdge legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000027\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, Youdge seems like a legit loan provider. It was established in France in 2015 and expanded to Montreal, Quebec in 2024, where it\u2019s registered. There are plenty of positive Youdge reviews on Trustpilot, with the company earning a 4.5\/5. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/youdge-review\">Learn more with our Youdge review.<\/a><\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000028\" data-toggle=\"collapse\" data-target=\"#accordion0000000028\">\n        <span class=\"luna-accordion__title\">Is Loonie Financial legit in Canada?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000028\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Loonie Financial\u2019s legitimacy. The payday lender\u2019s website is well-developed with a phone number, email, physical address, a privacy policy and terms of service. However, its website shows reviews from customers in BC, Nova Scotia and Ontario but there\u2019s no payday licence from these provinces displayed and the business is only registered in Quebec. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/loonie-financial-review\">Learn more in our Loonie Financial review<\/a>.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000029\" data-toggle=\"collapse\" data-target=\"#accordion0000000029\">\n        <span class=\"luna-accordion__title\">Is Freedom 500 Loans legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000029\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Freedom 500 Loans\u2019 website is fairly underdeveloped, with no phone number or email, address, privacy policy or terms and conditions, and we can\u2019t find it in any business registry. It does, however, have a lot of positive Freedom 500 Loans reviews on Trustpilot with a 4.8\/5 rating based on over 1,600 reviews.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000030\" data-toggle=\"collapse\" data-target=\"#accordion0000000030\">\n        <span class=\"luna-accordion__title\">Is Maple Funds legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000030\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Maple Funds\u2019 legitimacy. There\u2019s a physical address in Quebec, a phone number, privacy policy, terms and conditions and loan details on the website. But we couldn\u2019t find a business registration, and there are no Maplefunds.ca reviews. That being said, Maple Funds just connects you with lenders so you can use it to compare offers.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000031\" data-toggle=\"collapse\" data-target=\"#accordion0000000031\">\n        <span class=\"luna-accordion__title\">Is Silverstone Credits legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000031\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Silverstone Credits has a phone number, email, privacy policy, legal information, loan details and physical address in Quebec. It\u2019s also registered in Quebec. However, there are limited Silverstone Credit reviews.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000032\" data-toggle=\"collapse\" data-target=\"#accordion0000000032\">\n        <span class=\"luna-accordion__title\">Is Summum Credit legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000032\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Its website has an address in BC, email, privacy policy and loan details, but we can\u2019t find it in any business registries. There are also no Summum Credit reviews at the time of writing.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000033\" data-toggle=\"collapse\" data-target=\"#accordion0000000033\">\n        <span class=\"luna-accordion__title\">Is Spark Credit legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000033\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Its website is very basic, taking you straight to the loan application, but it has a physical address in Toronto, privacy policy and terms of use. There are no Sparkcredit.ca reviews online, but it\u2019s a loan referral company, not a direct lender, that claims to only work with financial service providers that adhere to Canadian laws and regulations. We couldn\u2019t find a business registration.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000034\" data-toggle=\"collapse\" data-target=\"#accordion0000000034\">\n        <span class=\"luna-accordion__title\">Is Canada Capital Lending legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000034\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Canada Capital Lending\u2019s legitimacy. Its website has detailed loan information, a physical address in London, Ontario and an email. But there are no Canada Capital Lending reviews, and there\u2019s a scam alert on Scam Pulse from a borrower stating they were asked to pay an advance fee.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000035\" data-toggle=\"collapse\" data-target=\"#accordion0000000035\">\n        <span class=\"luna-accordion__title\">Is Loan and Go legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000035\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Loan and Go\u2019s website displays an address in Toronto, and it\u2019s listed on the Ontario Business Registry, but it has been inactive since 2022. An inactive status means the business is no longer operating or hasn\u2019t fulfilled the necessary legal or regulatory obligations to maintain its active status. There are also barely any Loan and Go reviews, other than one negative complaint on Trustpilot saying they received poor customer service.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000036\" data-toggle=\"collapse\" data-target=\"#accordion0000000036\">\n        <span class=\"luna-accordion__title\">Is Domutive Lending legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000036\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Domutive Lending\u2019s legitimacy. Its website has a physical address in Winnipeg, email and privacy policy, but we can\u2019t find it in any business registry. There\u2019s also a scam alert for the company on BBB from a borrower who reported sending money to Domutive Lending, after which the company claimed the payment was never received.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000037\" data-toggle=\"collapse\" data-target=\"#accordion0000000037\">\n        <span class=\"luna-accordion__title\">Is Monetize Credit Solutions legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000037\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Monetize Credit Solutions\u2019 legitimacy. The website has a privacy policy, email and physical address, but we couldn\u2019t find a business registration. There are also no Monetize Credit Solutions reviews online and no BBB rating at the time of writing.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000038\" data-toggle=\"collapse\" data-target=\"#accordion0000000038\">\n        <span class=\"luna-accordion__title\">Is Loans My Payroll legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000038\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Loans My Payroll\u2019s website has a phone number and privacy policy, but no loan information, and we can\u2019t find it on any business registry. However, there are over 500 Loans My Payroll reviews on Trustpilot, with the company scoring a 4.8\/5 rating.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000039\" data-toggle=\"collapse\" data-target=\"#accordion0000000039\">\n        <span class=\"luna-accordion__title\">Is Pico Finance legit in Canada?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000039\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Pico Finance\u2019s legitimacy. Pico Finance\u2019s website has no contact information or address, and we couldn\u2019t find a business registration. It states \u201cEvery request accepted,\u201d which is typically a sign of a scam as legitimate lenders need to assess your income, creditworthiness and ability to repay before approving a loan. There are also no external Pico Finance reviews available.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000040\" data-toggle=\"collapse\" data-target=\"#accordion0000000040\">\n        <span class=\"luna-accordion__title\">Is Comutive Lending legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000040\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Comutive Lending\u2019s legitimacy. Its website has a physical address in Halifax and email but minimal loan information, and we can\u2019t find it in any business registries. There are also no Comutive Lending reviews online at the time of writing, but there\u2019s a scam alert on the BBB stating the company asked for an upfront fee, then never refunded it or provided the loan.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000041\" data-toggle=\"collapse\" data-target=\"#accordion0000000041\">\n        <span class=\"luna-accordion__title\">Is Credit Ultime\/Ultimate Credit legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000041\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Ultimate Credit\u2019s legitimacy. Both the French and English websites provide detailed loan information, list a physical address in Kelowna, and include an email and privacy policy. However, we can only find Credit Ultime in Quebec\u2019s business registry but can\u2019t confirm whether it\u2019s the same company, as it has a different address listed. There are also no Credit Ultime reviews or Ultimate Credit reviews online.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000042\" data-toggle=\"collapse\" data-target=\"#accordion0000000042\">\n        <span class=\"luna-accordion__title\">Is We Borrow legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000042\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on We Borrow\u2019s legitimacy. We Borrow offers payday loans but has no payday licence displayed, as well as no phone number or address. And, We Borrow reviews are fairly negative on Trustpilot, with borrowers saying they received repeated calls at work or late at night after missing payments.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000043\" data-toggle=\"collapse\" data-target=\"#accordion0000000043\">\n        <span class=\"luna-accordion__title\">Is Signature Cash legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000043\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Signature Cash\u2019s website has a privacy policy, terms and conditions, and clear breakdowns of interest rates. However, it doesn\u2019t have an address or phone number, and we couldn\u2019t find a business registration. That said, it has a rating of 4.8 out of 5 stars on Trustpilot.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000044\" data-toggle=\"collapse\" data-target=\"#accordion0000000044\">\n        <span class=\"luna-accordion__title\">Is Scooby Cash legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000044\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on its legitimacy. Although there are plenty of positive Scooby Cash reviews on Trustpilot, with the company earning a 4.7\/5 rating from over 1,600 reviews, the website is fairly basic. It doesn\u2019t list the company\u2019s interest rate or any other fees nor a phone number and address, and we can\u2019t find it in any business registries. Learn more in our <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/scooby-cash-review\">Scooby Cash review<\/a>.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000045\" data-toggle=\"collapse\" data-target=\"#accordion0000000045\">\n        <span class=\"luna-accordion__title\">Is Avena Wise legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000045\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Avena Wise\u2019s legitimacy. Its website doesn\u2019t have working links to a privacy policy or terms and conditions, and there\u2019s no loan information available. We also couldn\u2019t find a business registration or any Avena Wise loans reviews at the time of writing.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000046\" data-toggle=\"collapse\" data-target=\"#accordion0000000046\">\n        <span class=\"luna-accordion__title\">Is Xtrafast Loan legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000046\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on Xtrafast Loan\u2019s legitimacy. Its website has a phone number, privacy policy and only a partial address in Quebec, but we couldn\u2019t find a registration with the Registraire des Enterprises. There are also no Xtrafast Loan reviews online.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000047\" data-toggle=\"collapse\" data-target=\"#accordion0000000047\">\n        <span class=\"luna-accordion__title\">Is Next Bankers Finance legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000047\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Next Bankers Finance\u2019s website has a phone number, email, privacy policy, terms of use and address in Toronto, but we couldn\u2019t find it in the Ontario Business Registry. There are also no Next Bankers Finance reviews online.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000048\" data-toggle=\"collapse\" data-target=\"#accordion0000000048\">\n        <span class=\"luna-accordion__title\">Is Fast Loan Finance legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000048\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>We\u2019re not signing off on its legitimacy. Its website is fairly underdeveloped with no address, privacy policy or terms and conditions, though it does outline its maximum APR and loan amount. We didn\u2019t find the company listed on any business registries, and there are no external Fast Loan Finance reviews, just the ones posted on their website.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000049\" data-toggle=\"collapse\" data-target=\"#accordion0000000049\">\n        <span class=\"luna-accordion__title\">Is Fast Home Finance legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000049\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>This home equity lender has an address in Edmonton, five phone numbers for different cities, a privacy policy and listed loan amounts, which are signals of a legitimate lender. However, Fast Home Finance has been in operation since 2008, yet there are no external Fast Home Finance reviews, only the testimonials posted on its website, and we couldn\u2019t find its business registration.<\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000050\" data-toggle=\"collapse\" data-target=\"#accordion0000000050\">\n        <span class=\"luna-accordion__title\">Is Fat Cat Loans legit?<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000050\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Yes, Fat Cat Loans is legit. It\u2019s not a direct lender, but a loan search platform that matches borrowers with lenders in its network. Its website has detailed loan information, a privacy policy, terms and conditions and a phone number. There aren\u2019t a lot of FatCat loans reviews, but the company has a 4.2\/5 on Google Maps based on 53 reviews. <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/fat-cat-loans-review\">Learn more in our Fat Cat Loans review.<\/a><\/p><p><em>This information is accurate as of December 19, 2025.<\/em><\/p><\/div>\n  <\/div>\n<\/li><\/ul><h3>10 signs of a personal loan scam<\/h3><p>Make sure you work with legitimate loan companies in Canada by learning how to spot personal loan scams. Avoid the following when deciding on a lender:<\/p><h4>1. The lender requires you to pay fees up front<\/h4><p>Lenders that ask you to pay processing, insurance or origination fees as a condition of loan approval are operating a scam. Legitimate loan companies in Canada won\u2019t ask you to pay any additional fees until your application is processed and you\u2019ve received your loan.<\/p><h4>2. The lender isn\u2019t registered in your province or territory<\/h4><p>Provinces and territories require legitimate loan companies in Canada to register their financial businesses. If the lender you want to use isn\u2019t licensed to operate in your province or territory \u2014<\/p><p>even if it\u2019s licensed in other provinces or territories \u2014 then you should choose another lender to avoid potential personal loan scams.<\/p><h4>3. Your loan offer is incomplete<\/h4><p>Loan companies in Canada are required to provide a loan contract that outlines the terms of your loan and the total cost you\u2019ll pay with interest. If your offer is missing important information, contains spelling or grammatical errors or otherwise raises red flags, it could be a personal loan scam.<\/p><h4>4. You can\u2019t find a physical address<\/h4><p>If you can\u2019t find a physical address or contact information on the lender\u2019s website, it may be a personal loan scam. If there\u2019s contact information on the website, you may want to search for the address or call customer service to ensure that the info provided actually belongs to a legitimate loan company in Canada.<\/p><h4>5. Your offer expires soon \u2014 and you must act now<\/h4><p>Most offers that are categorized as \u201curgent\u201d can be written off as personal loan scams. Legitimate loan companies in Canada offer steady rates that depend on <a href=\"https:\/\/www.finder.com\/ca\/credit-score\">your credit score<\/a> and finances. High-pressure sales tactics are designed to drive you to act quickly, often before you\u2019re able to spot other red flags.<\/p><h4>6. No credit check required<\/h4><p>Most legitimate loan companies in Canada will perform a credit check to make sure you can reliably handle your loan repayments. Be wary of lenders that offer no credit check loans unless they have other means of verifying your ability to repay. For example, some lenders will require you to provide proof of income instead of a credit report.<\/p><h4>7. You\u2019re offered guaranteed approval<\/h4><p>Many personal loan scams involve offering a \u201cguaranteed\u201d loan with no background check. Legitimate loan companies in Canada won\u2019t offer you a loan without first verifying your identity and assessing your creditworthiness. This helps them follow up with you if you default on your loan payments.<\/p><h4>8. Unsolicited contact<\/h4><p>Loan scams can come in many forms \u2014 including social media requests, emails and even flyers in your mailbox. If you\u2019re interested in a loan offer, do your own digging online to double-check that the company offering the deal is legitimate. If you can\u2019t find the lender\u2019s website, social media profiles or online reviews, it\u2019s likely a scam.<\/p><h4>9. No examples of fees, interest or costs<\/h4><p>If a lender doesn\u2019t list its interest rates or fees online \u2014 or provide them over the phone when you call \u2014 you could be dealing with a scam. Most legitimate loan companies in Canada will give you a quote with costs at the very least. Avoid working with lenders who aren\u2019t transparent about how much your loan will cost.<\/p><h4>10. Asks for payment in the form of a gift card<\/h4><p>Paying a lender with a gift card is the same as paying with cash \u2014 once the money has been used, it\u2019s nearly impossible to trace or get back. Legitimate loan companies in Canada won\u2019t ask you to pay with a gift card. If your lender is pressuring you to do so, you should find a new lender.<\/p><div class=\"did-you-know u-bg--sky-subtle u-rounded--lg\" data-component=\"did-you-know\">\n        <div class=\"did-you-know__block\">\n        <h4 class=\"did-you-know__title\">\n            <span class=\"did-you-know__title-icon\">\n                <svg width=\"32\" height=\"32\" viewbox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                    <circle cx=\"16\" cy=\"16\" r=\"12\" fill=\"#00B2FF\"><\/circle>\n                    <path d=\"M17.5 22.5C17.5 22.7967 17.412 23.0867 17.2472 23.3334C17.0824 23.58 16.8481 23.7723 16.574 23.8858C16.2999 23.9993 15.9983 24.0291 15.7074 23.9712C15.4164 23.9133 15.1491 23.7704 14.9393 23.5607C14.7296 23.3509 14.5867 23.0836 14.5288 22.7926C14.471 22.5017 14.5007 22.2001 14.6142 21.926C14.7277 21.6519 14.92 21.4176 15.1667 21.2528C15.4133 21.088 15.7033 21 16 21C16.3978 21 16.7794 21.158 17.0607 21.4393C17.342 21.7206 17.5 22.1022 17.5 22.5ZM16 9C13.2425 9 11 11.0188 11 13.5V14C11 14.2652 11.1054 14.5196 11.2929 14.7071C11.4804 14.8946 11.7348 15 12 15C12.2652 15 12.5196 14.8946 12.7071 14.7071C12.8946 14.5196 13 14.2652 13 14V13.5C13 12.125 14.3463 11 16 11C17.6538 11 19 12.125 19 13.5C19 14.875 17.6538 16 16 16C15.7348 16 15.4804 16.1054 15.2929 16.2929C15.1054 16.4804 15 16.7348 15 17V18C15 18.2652 15.1054 18.5196 15.2929 18.7071C15.4804 18.8946 15.7348 19 16 19C16.2652 19 16.5196 18.8946 16.7071 18.7071C16.8946 18.5196 17 18.2652 17 18V17.91C19.28 17.4913 21 15.6725 21 13.5C21 11.0188 18.7575 9 16 9ZM29 16C29 18.5712 28.2376 21.0846 26.8091 23.2224C25.3807 25.3603 23.3503 27.0265 20.9749 28.0104C18.5995 28.9944 15.9856 29.2518 13.4638 28.7502C10.9421 28.2486 8.6257 27.0105 6.80762 25.1924C4.98953 23.3743 3.75141 21.0579 3.2498 18.5362C2.74819 16.0144 3.00563 13.4006 3.98957 11.0251C4.97351 8.64968 6.63975 6.61935 8.77759 5.1909C10.9154 3.76244 13.4288 3 16 3C19.4467 3.00364 22.7512 4.37445 25.1884 6.81163C27.6256 9.24882 28.9964 12.5533 29 16ZM27 16C27 13.8244 26.3549 11.6977 25.1462 9.88873C23.9375 8.07979 22.2195 6.66989 20.2095 5.83733C18.1995 5.00476 15.9878 4.78692 13.854 5.21136C11.7202 5.6358 9.76021 6.68345 8.22183 8.22183C6.68345 9.7602 5.63581 11.7202 5.21137 13.854C4.78693 15.9878 5.00477 18.1995 5.83733 20.2095C6.66989 22.2195 8.07979 23.9375 9.88873 25.1462C11.6977 26.3549 13.8244 27 16 27C18.9164 26.9967 21.7123 25.8367 23.7745 23.7745C25.8367 21.7123 26.9967 18.9164 27 16Z\" fill=\"#232320\"><\/path>\n                <\/svg>\n            <\/span>\n            <span class=\"did-you-know__title-text\">What to do if you're the victim of a scam<\/span>\n        <\/h4>\n        <div class=\"did-you-know__content\">\n            <p>Personal loan scams are often very sophisticated and can happen to anyone. If you suspect that you\u2019re the victim of a loan scam:<\/p><ul class=\"list-10\"><li><b>Call your local police.<\/b> File a police report with the amount you\u2019ve been defrauded.<\/li><li><b>File a complaint with the CAFC.<\/b> Contact the Canadian Anti-Fraud Centre (CAFC) to lodge a complaint about a specific provider. Call toll-free at <a href=\"tel:1-888-495-8501\">1-888-495-8501<\/a> or file a complaint online through the <a href=\"https:\/\/antifraudcentre-centreantifraude.ca\/report-signalez-eng.htm\" target=\"_blank\" rel=\"noopener\">fraud reporting system (FRS)<\/a>.<\/li><li><strong>Call Crime Stoppers. <\/strong>Contact Canadian Crime Stoppers at <a href=\"tel:1-800-222-8477\">1-800-222-8477<\/a>. You can also submit a tip about personal loan scams online using the <a href=\"https:\/\/www.canadiancrimestoppers.org\/submit-a-tip\/submit-a-tip\" target=\"_blank\" rel=\"noopener\">Webtip service<\/a>.<\/li><\/ul>\n        <\/div>\n    <\/div>\n<\/div>\n<h3>How to know if a loan company is legit<\/h3><p>Before signing a loan contract, consider these tips to be sure you\u2019re dealing with a legitimate lender.<\/p><ul class=\"list-1\"><li><strong>Easy to contact.<\/strong> You should be able to easily access the lender\u2019s phone numbers, email addresses, in-person building locations and business licensing information online.<\/li><li><strong>Secure website.<\/strong> Most lenders encrypt the information you send online with 128-bit or 256-bit SSL. Look for a little padlock to the left of your address bar to confirm that the site is safe.<\/li><li><strong>The lender asks for a credit check.<\/strong> You should expect legitimate loan companies in Canada to check your credit. This can be through soft pulling your credit to verify your ID or hard pulling to verify your credit score.<\/li><li><strong>Solid customer reviews.<\/strong> Double-check customer reviews online to see if the lender you want to work with is trustworthy. Just be mindful of reviews that are all positive or all negative. You should also be wary if a lender has very few reviews, as it may be difficult to assess its legitimacy.<\/li><li><strong>No upfront fees.<\/strong> Legitimate loan companies in Canada won\u2019t charge you any fees until you receive your loan \u2014 though some might deduct an origination fee from your money before it shows up in your bank account. This should be clearly outlined in your loan agreement if it does occur.<\/li><li><strong>Clear loan terms.<\/strong> The terms of your loan should be clearly outlined in your loan contract. Double-check that all the information provided to you verbally is included in writing as well. If anything is missing from your loan contract, avoid signing it until it reflects all your loan information.<\/li><\/ul><h4>What information should be included in a legitimate loan contract?<\/h4><p>Legitimate loan companies in Canada should include the following information in your loan contract:<\/p><table class=\"luna-table luna-table--responsiveList\"><tbody class=\"luna-table__body\"><tr><td><ul><li>Loan amount<\/li><li>Interest rates<\/li><li>Monthly repayment amount<\/li><li>Repayment method<\/li><\/ul><\/td><td><ul><li>Applicable fees<\/li><li>Legal obligations<\/li><li>Consequences of defaulting<\/li><li>Date and signatures<\/li><\/ul><\/td><\/tr><\/tbody><\/table><h3>Common types of personal loan scams in Canada to avoid<\/h3><p>Here\u2019s how to protect yourself from two common scams you might encounter when applying for a personal loan: phishing scams and advance-fee scams.<\/p><h4>Phishing scams<\/h4><p>Phishing loan scams are used to collect your personal information to access your bank account or steal your identity.<\/p><table class=\"luna-table luna-table--responsiveList\"><tbody class=\"luna-table__body\"><tr><td>Phishing scams usually:<\/td><td><ul><li>Collect information through unsolicited phone contact<\/li><li>Install malware using unsolicited emails with embedded links<\/li><li>Request information via text messages<\/li><li>Promote their websites through sponsored ads on Google<\/li><\/ul><\/td><\/tr><tr><td>How to avoid this type of scam:<\/td><td><ul><li>Avoid giving out your personal information over the phone<\/li><li>Never give out your banking information or passwords<\/li><li>Don\u2019t click on unsolicited email links (even from companies you know)<\/li><li>Confirm that you\u2019re on an encrypted page by looking for a padlock to the left of the page URL (on a site that starts with https:\/\/)<\/li><li>Protect your accounts by using multi-factor authentication<\/li><\/ul><\/td><\/tr><\/tbody><\/table><h4>Advance-fee loan scams<\/h4><p>Advance-fee scams demand that you pay an upfront fee before your loan application is assessed or before you can access the funds you\u2019ve been approved for.<\/p><table class=\"luna-table luna-table--responsiveList\"><tbody class=\"luna-table__body\"><tr><td>Advance-fee scams often:<\/td><td><ul><li>Contact borrowers through unsolicited calls or online advertisements<\/li><li>Target bad credit borrowers who can\u2019t qualify for traditional loans<\/li><li>Request advance fees, such as processing, insurance or guaranteed approval fees<\/li><li>Request payment in the form of wire transfers, prepaid debit cards or gift cards (these methods are untraceable)<\/li><\/ul><\/td><\/tr><tr><td>How to avoid this type of scam:<\/td><td><ul><li>Understand that it\u2019s illegal for legitimate loan companies in Canada to ask for advance fees<\/li><li>Never hand over money to a loan company before the loan is in your bank account<\/li><li>Look at customer reviews and third-party ratings to make sure that a company is legitimate before you apply<\/li><li>Check to see if the lender is registered in your province<\/li><\/ul><\/td><\/tr><\/tbody><\/table><style type=\"text\/css\">\n    .survey-response {\n        overflow-x: auto;\n        max-width: 800px;\n    }\n\n    .survey-response .luna-table th,\n    .survey-response .luna-table td {\n        padding: 0.3rem 1rem calc(0.20rem + 1px);\n        font-size: 12px;\n        color: rgb(117, 117, 117);\n        text-align: left;\n    }\n\n    .survey-response .luna-table {\n        border: none;\n    }\n\n    .survey-response .row-color-icon {\n        width: 10px;\n        height: 10px;\n        display: inline-block;\n        margin-right: 4px;\n        border-radius: 2px;\n    }\n\n    .survey-response .source-container {\n        top: -12px !important;\n        position: relative;\n    }\n\n    .survey-response .source {\n        color: rgb(108, 120, 129);\n        font-size: 11px;\n    }\n\n    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type=\"text\/javascript\">\n\t\t\t\t(function() {\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\tvar packageToLoad = 'bar';\n\t\t\t\t\tvar eventName = 'GoogleChartsLoaded-' + packageToLoad;\n\t\t\t\t\tvar event = new Event(eventName);\n\t\t\t\t\n\t\t\t\t\tdocument.addEventListener(eventName, function() {\n\t\t\t\t\tconsole.log('called event!', eventName);\n\t\t\t\t\n\t\t\t\t\tfunction drawChart() {\n\t\t\t\t\t\tvar chartType = '';\n\t\t\t\t\t\t\t\t\t\t\t\t \n\t\t\t\t\t\tvar data = google.visualization.arrayToDataTable([\n\t\t\t\t\t\t\t[' ', 'Male (%)', 'Female (%)', ],\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t['65+', 1.75, 4.14, ],\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t['55-64', 6.80, 4.50, ],\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t['45-54', 8.27, 7.35, ],\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t['35-44', 12.50, 9.19, ],\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t['25-34', 15.90, 12.41, ],\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t['18-24', 7.72, 9.47, ],\n\t\t\t\t\t\t\t\t\t\t\t\t\t]);\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\tvar options = 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google.charts.Bar.convertOptions(options));\n\t\t\t\t\t}\n\t\t\t\t\t\tdrawChart();\n\t\t\t\t\t});\n\t\t\t\t\n\t\t\t\t\tfunction init() {\n\t\t\t\t\t\tconsole.log('calling init', eventName);\n\t\t\t\t\t\tif (typeof google !== 'undefined' && google.charts) {\n\t\t\t\t\t\t\tconsole.log('found charts', google, packageToLoad);\n\t\t\t\t\t\t\tgoogle.charts.load('current', {'packages':[packageToLoad]});\n\t\t\t\t\t\t\tgoogle.charts.setOnLoadCallback(function() {\n\t\t\t\t\t\t\t\tdocument.dispatchEvent(event);\n\t\t\t\t\t\t\t});\n\t\t\t\t\t\t} else {\n\t\t\t\t\t\t\tconsole.log('retrying');\n\t\t\t\t\t\t\tsetTimeout(init, 100);\n\t\t\t\t\t\t}\n\t\t\t\t\t}\n\t\t\t\t\tinit();\n\t\t\t\t})()\n\t\t\t<\/script><div class=\"u-grid__col u-1\/2@s  u-1\/1 aligncenter size-full border-fix table-container\"><table class=\"luna-table js-tablesorter tablesorter tablesorter-default\" role=\"grid\"><thead class=\"luna-table__header\"><tr><th>Response<\/th><th>Male (%)<\/th><th>Female (%)<\/th><\/tr><\/thead><tbody class=\"luna-table__body\" aria-live=\"polite\" aria-relevant=\"all\"><tr><td><span class=\"row-color-icon\" style=\"background-color: #1a69e8;\"><\/span>65+<\/td><td>1.75%<\/td><td>4.14%<\/td><\/tr><tr><td><span class=\"row-color-icon\" style=\"background-color: #3178ea;\"><\/span>55-64<\/td><td>6.80%<\/td><td>4.50%<\/td><\/tr><tr><td><span class=\"row-color-icon\" style=\"background-color: #4887ed;\"><\/span>45-54<\/td><td>8.27%<\/td><td>7.35%<\/td><\/tr><tr><td><span class=\"row-color-icon\" style=\"background-color: #5f96ef;\"><\/span>35-44<\/td><td>12.50%<\/td><td>9.19%<\/td><\/tr><tr><td><span class=\"row-color-icon\" style=\"background-color: #76a5f1;\"><\/span>25-34<\/td><td>15.90%<\/td><td>12.41%<\/td><\/tr><tr><td><span class=\"row-color-icon\" style=\"background-color: #8db4f4;\"><\/span>18-24<\/td><td>7.72%<\/td><td>9.47%<\/td><\/tr><\/tbody><\/table><\/div><div class=\"source-container\"><span class=\"source\">Source: Finder sample of 1,088 visitors using demographics data from Google Analytics    \t\t<\/span><\/div><\/div><h3>4 quick ways to verify legitimate loan companies in Canada<\/h3><p>Visit these sites to help you verify an online loan provider:<\/p><ul><li style=\"padding-bottom: 14px;\"><strong>Better Business Bureau (BBB).<\/strong><br>The BBB is an independent nonprofit dedicated to strengthening relationships between businesses and customers. It rates how businesses work by analyzing customer reviews and complaints and allowing businesses to respond with resolutions. A leader in consumer ratings, the BBB is a reliable resource.<\/li><li style=\"padding-bottom: 14px;\"><strong>Trustpilot.<\/strong><br>A Danish company, Trustpilot is another consumer-run review site with some 500,000 new customer reviews published monthly. Combined with the BBB, you can create a pretty good picture of how a lender runs its business and what you need to know before applying for a loan.<\/li><li style=\"padding-bottom: 14px;\"><strong>FCAC complaint database.<\/strong><br>The Financial Consumer Agency of Canada (FCAC) is a government-run agency that helps you search for complaints from current and former customers. You can also look into whether these agencies have taken legal action against the lender you\u2019re interested in.<\/li><li style=\"padding-bottom: 14px;\"><strong>Online forums.<\/strong><br>Don\u2019t stop with the big review sites. Plenty of online forums like Reddit and Quora allow you to browse real customer opinions and crowdsourced answers about lenders and potential scams. Or, post your own questions about a lender and see what other customers have to say.<\/li><\/ul><h3>Has taking out a personal loan improved or worsened Canadians\u2019 financial situations?<\/h3><p>Getting a personal loan may not always be the answer. According to the <em>Finder: Consumer Sentiment Survey January 2024<\/em>, 20% of Canadians said that a personal loan worsened their situation, while 14% said they saw an improvement. Before taking out a personal loan, make sure you\u2019re working with a lender you trust and the loan repayments fit your monthly budget.<\/p><iframe id=\"datawrapper-chart-OT1W6\/1\/\" title=\"Has taking out a personal loan improved or worsened your financial situation?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/OT1W6\/1\/\" loading=\"lazy\"><\/iframe><h3>Bottom line<\/h3><p>Personal loan scams in Canada are becoming more common and more sophisticated, which means it\u2019s important to know how to protect yourself. Learn more about how you can recognize personal loan scams as well as who you can report them to. You can also use this guide to compare legitimate loan companies in Canada.<\/p><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">I got a pre-approved loan offer. Is it legitimate?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Most legitimate loan companies in Canada won't make unsolicited offers for pre-approved loans. If they do, they'll specify that your approval isn't guaranteed and will be based on personal information like your credit score. To be on the safe side, avoid responding to unsolicited loan offers in general \u2014 or research the company offering the loan in detail before you apply.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Should I check Reddit to see if loan companies in Canada are legit or fake?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>While Reddit can be a helpful first stop for finding other customers' opinions and experiences with different loan companies in Canada, it can also be helpful to check with financial specialists to check if a lender is legit or fake. We've curated <a class=\"scroll\" href=\"#legit\">a list of legitimate loan companies in Canada<\/a> based not only on customer reviews but also on information like business registrations, independent business ratings and how well a company abides by provincial and federal lending regulations.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">A lender asked for my banking information. Should I give it to them?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>It depends. Many legit lenders will request your bank account information to confirm your identity and deposit your loan. That said, you shouldn't hand out this information unless you trust your lender entirely and are convinced that they're legitimate.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">Should I pay a lender by prepaid card before I get my loan?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>No. That shows two red flags: Legitimate lenders don't collect fees upfront and won't ask for additional money by prepaid card or money transfer. Any fees you'll need to pay are typically disclosed clearly, taken from the amount you borrow and paid <em>after<\/em> your loan is approved.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">What do I do if I'm receiving calls from a lender demanding payment?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Calls from businesses you don't recognize are likely a scam designed to pressure you into handing over your personal or financial information. If you're not sure, ask the caller for the full business name and licensing number and then search for contact information to call them back.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">Are there any guaranteed approval loans for poor credit in Canada?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>No legitimate loan companies in Canada offer guaranteed approval loans, especially for borrowers with poor credit. Lenders must verify your income and ability to repay before they approve you, so lenders offering guaranteed approval are often a scam.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>\n<div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000006\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000006\" class=\"lazyloaded-assets-json\">{\"critical-scripts\":[],\"scripts\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.de087a0da9824e407767.js\"],\"styles\":[\"https:\\\/\\\/www.finder.com\\\/parent-theme\\\/shortcodes\\\/article-source\\\/prod\\\/article-source.87684078d471e76125dd.css\"]}<\/script><\/div><style>\n  \/* Modal Container *\/\n  .fenceModal {\n      justify-content: center;\n   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This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Legitimate Loan Companies in Canada | 10 Signs of a Scam<\/title>\n<meta name=\"description\" content=\"Are you dealing with a legit lender or a scam? 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We've curated <a class=\\\"scroll\\\" href=\\\"#legit\\\">a list of legitimate loan companies in Canada<\/a> based not only on customer reviews but also on information like business registrations, independent business ratings and how well a company abides by provincial and federal lending regulations.\\r\\r\"}},{\"@type\":\"Question\",\"name\":\"A lender asked for my banking information. Should I give it to them?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\r\\rIt depends. Many legit lenders will request your bank account information to confirm your identity and deposit your loan. 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Is it legitimate?","acceptedAnswer":{"@type":"Answer","text":"\r\rMost legitimate loan companies in Canada won't make unsolicited offers for pre-approved loans. If they do, they'll specify that your approval isn't guaranteed and will be based on personal information like your credit score. To be on the safe side, avoid responding to unsolicited loan offers in general \u2014 or research the company offering the loan in detail before you apply.\r\r"}},{"@type":"Question","name":"Should I check Reddit to see if loan companies in Canada are legit or fake?","acceptedAnswer":{"@type":"Answer","text":"\r\rWhile Reddit can be a helpful first stop for finding other customers' opinions and experiences with different loan companies in Canada, it can also be helpful to check with financial specialists to check if a lender is legit or fake. We've curated <a class=\"scroll\" href=\"#legit\">a list of legitimate loan companies in Canada<\/a> based not only on customer reviews but also on information like business registrations, independent business ratings and how well a company abides by provincial and federal lending regulations.\r\r"}},{"@type":"Question","name":"A lender asked for my banking information. Should I give it to them?","acceptedAnswer":{"@type":"Answer","text":"\r\rIt depends. Many legit lenders will request your bank account information to confirm your identity and deposit your loan. That said, you shouldn't hand out this information unless you trust your lender entirely and are convinced that they're legitimate.\r\r"}},{"@type":"Question","name":"Should I pay a lender by prepaid card before I get my loan?","acceptedAnswer":{"@type":"Answer","text":"\r\rNo. That shows two red flags: Legitimate lenders don't collect fees upfront and won't ask for additional money by prepaid card or money transfer. Any fees you'll need to pay are typically disclosed clearly, taken from the amount you borrow and paid <em>after<\/em> your loan is approved.\r\r"}},{"@type":"Question","name":"What do I do if I'm receiving calls from a lender demanding payment?","acceptedAnswer":{"@type":"Answer","text":"\r\rCalls from businesses you don't recognize are likely a scam designed to pressure you into handing over your personal or financial information. If you're not sure, ask the caller for the full business name and licensing number and then search for contact information to call them back.\r\r"}},{"@type":"Question","name":"Are there any guaranteed approval loans for poor credit in Canada?","acceptedAnswer":{"@type":"Answer","text":"\r\rNo legitimate loan companies in Canada offer guaranteed approval loans, especially for borrowers with poor credit. Lenders must verify your income and ability to repay before they approve you, so lenders offering guaranteed approval are often a scam.\r\r"}}]}]},"article_modified_time":"2026-01-23T14:57:47+00:00"},"custom_fields":{"show_author_box":["yes"],"_masthead_subheading":["{\"text\":\"Here&#039;s a breakdown of legit loan companies in Canada plus 10 warning signs of personal loan scams.\"}"],"_content_type":["niche-content\/information\/how-to"],"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\",\"tilesMenuId\":\"\"}"],"custom_post_template":["single-masthead-two-column.php"]},"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/758999"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/474"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=758999"}],"version-history":[{"count":14,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/758999\/revisions"}],"predecessor-version":[{"id":1071133,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/posts\/758999\/revisions\/1071133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/1041699"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=758999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/categories?post=758999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=758999"},{"taxonomy":"asset_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/asset_tag?post=758999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}