Frequently Asked Questions
It is estimated that up to 25% of adult Canadians are underbanked – they have been denied access to financial services by big banks and credit unions. Turned away, unable to access emergency funds, consumer credit, insurance, and services that can help them plan for a financially secure future, our clients come to us with real financial challenges, and we work hard to say yes when everyone else says no.
We find the right product, in the right amounts, to help them achieve their goals. All of this comes together when our clients understand that a financially healthy future is within their grasp. Learn more about Cashco Financial’s long-term personal loans and short-term payday loans below.
What is a Cashco Financial Flex Loan?
Cashco Financial Flex Loans are long-term personal loans that offer you long-term financing for large purchases, relief from a financial shortfall, consolidating debt, and raising bad credit scores when paid on time.
How much money can I get with a Flex Loan?
Cashco Financial Flex Loans are installment loans that give you access to up to $7,000 to be used for anything. Take up to 60 months to pay it back, and each on-time payment throughout the term of the loan is an opportunity to raise your credit score.
What do I need to apply for a Cashco Financial Flex Loan?
Applying for a Cashco Financial Flex Loan is easy! You will simply need:
- A photo ID
- A banking account
- Proof of employment
- Proof of residency to apply
I am new to Canada. Can I get a Cashco Flex Loan?
A Cashco Flex Loan is a great tool for helping those new to Canada to create a credit score and help improve those whose credit has been damaged. With Cashco’s industry-leading online reporting dashboard, each payment is reported directly to the credit bureau in Canada, raising your credit score with each installment payment.
What is the difference between a Flex Loan and a Payday Loan?
Cashco Financial specializes in Flex Loans. Flex Loans are a great, more sustainable alternative to a Payday Loan. However, each situation may call for a different approach. Cashco Installment loans are a great option for those looking to take out a larger sum of money with a lower monthly payment and improve their credit score simultaneously.
What is a Cashco Financial Payday Loan?
Cashco Financial Payday Loans are short-term loans that give you access to a portion of your future pay cheque with extended high-interest credit based on your income. They are also called cash advance loans or check advance loans.
What do I need to apply for a Cashco Financial Payday Loan?
Applying for a Cashco Financial Payday Loan is easy! You will simply need:
- A piece of photo ID
- A banking account
- Proof of employment
Can I apply for a Payday Loan if I cannot come into a Cashco branch?
If you can not make it into one of our many Cashco Financial branches across Canada, we can still fund your Payday loan over the phone utilizing eSign. Please get in touch with your nearest Cashco branch for more information.
How can I check my loan balance or payment due dates?
Sign up or log in to your Cashco Financial online account here to see your latest loan information, or give your local Cashco branch a call.
How do I sign into my online Cashco account?
If you are new to Cashco Financial, please complete an online loan application. Existing clients can simply login.
If you are a returning Cashco client and have forgotten your password, please use the forgot password option, and an email will be sent to your email address on file.
How do I make a payment online?
You can now make payments online for your Cashco Financial Loan!
- Log into the Cashco online dashboard (Please see above).
- The dashboard displays your next payment scheduled and the payment amount.
- Click Pay Now. Please note that we are only accepting Visa Debit and Mastercard Debit at this time.
- Select the loan you want to pay.
- Enter your payment information, and click the green Pay $ button.
- If submitted correctly, your payment will be processed and your updated balance owed will be available in the dashboard within the next banking day.
Need another payment option? Learn more about Cashco’s alternative quick and easy payment options.
I can not make my next loan payment; what do I do?
Amid the COVID-19 pandemic, Cashco Financial is working with our clients to ensure we exhaust all possible resources for debt relief options. Contact your local Cashco branch to explore your payment options.