Many Albertans struggle to make ends meet. According to a 2017 Ipsos survey, more than half of Canadians are living within $200 per month of the poverty line, which means they’re unable to pay all their bills or meet their debt obligations. With this campaign, we hope to get a clearer picture of all the…Read More
Many times, mainstream banks wouldn’t help our clients and they remain underbanked. Alternative financial institutions, like Cashco Financial, helps Albertans establish their credit. They provide accessible credit through their products, thereby helping Albertans establish a healthy record so they can then qualify for mainstream products from other mainstream institutions. They are looking for institutions that…Read More
Access to credit is a practical necessity in today’s economy. Credit not only allows Albertans to make purchases, but it also enables them to meet long-term needs. Many people do not realize the importance of credit until their access becomes limited. Albertans without access to credit cannot apply for a mortgage, a car loan, or…Read More
What is an alternative financial service (AFS)? And, what are the benefits of going to them over a mainstream bank?
Several banking and credit alternatives exist beyond the traditional financial system. These alternatives supply credit-constrained individuals with fast, convenient access to cash or assets. These services are provided at a higher cost because of the high risk involved for the lender.Read More
No. Our company is non-partisan, which means we do not choose sides. We want to tell your stories so whichever government is in place can understand how this legislation has inadvertently affected Albertan families who are underserved and underbanked. We want to ensure fair and equal access to credit for Albertans so they can get…Read More
No. We understand that policies were put in place with Albertan’s best interest at heart. However, there are untold stories about some of Alberta’s underbanked and underserved who have been inadvertently affected by the legislations. We are looking to change that and find real solutions to issues that affect our customers, and help them stand…Read More
In 2016, the Government of Alberta undertook a significant reform of the rules that govern payday lenders. The legislative and regulatory changes introduced in An Act to End Predatory Lending have reduced the cost of a payday loan. These legislations, however, have not made it easier for people in need to access the money they…Read More