Types of Information We Collect
Xcash is a provider of payday loans and other forms of consumer loans. We collect Personal Information for purposes in relation with the products and services that we offer. In particular, Personal Information is collected and used in order to assess and evaluate credit applications, offer and administer our products and services, and collect amounts owed to us.
Personal Information that we collect may include:
Your full name your contact information, such as your address, telephone number and email address information helping establish your identity, such as your date of birth and social insurance number.
Information regarding your employment, such as the identity of and contact information for your employer, your position, your compensation and your pay period.
Your bank account information, routing numbers and other information required to process payments.
Your credit history and credit score, your preferences and any other Personal Information that you voluntarily choose to provide to us.
We may collect Personal Information directly from you, from third parties such as your employer, credit reporting agencies and information service providers, from your social media accounts (such as Facebook, Instagram or other services) and from publicly available records.
Our instant payday loan application simplifies the traditional loan application process by providing Canadians the ability to securely apply for payday loans using their mobile device, eliminating the need for documentation/identity checks, resulting in saved time and less stress.
GET A LOAN IN 3 EASY STEPS
1. Sign up and Complete our Application
No need to provide bank statements or government ID’s just fill out the basic information and you will receive a response the same day.
2. Get Notified
Once pre-approved you will receive an introductory email containing your contract and next steps to receive your money.
3. Collect your Money
Once your contract has processed your funds will be automatically deposited into your selected bank account.
- Most Efficient Application Process
- Receive Cash Instantly up to $1500
- Decision Not Based on Credit Score
- 24/7 In-App Chat Support
- Application is Secure and Confidential
- No Paperwork
- Zero Hidden Charges
- Exceptional Customer Support!
PAYDAY LOAN INFORMATION
*Minimum repayment period 61 days. Maximum repayment period 62 days.
*Interest fees: (Loans available in all provinces excluding Quebec.) PEI $25 per 100, Nova Scotia $19 per 100, Manitoba $17 per 100, Ontario $15 per 100, Alberta $15 per 100, British Columbia $15 per 100, New Brunswick $15 per 100.
*Maximum APR 109.5%
*Loan Example: Applicant in Ontario applies for $400, the loan term is 61 days (bi-monthly) and is to be repaid in 1 payment. (Term)
The total repayment amount is $400 (Principal) $60 (Interest) $460 (Total), resulting in an annual interest rate of 89.75%.(APR) The loan will be considered paid off with no remaining payments.
Applicant in Ontario applies for $400, the loan term is 61 days (bi-monthly) and is to be repaid in 2 payments. (Term)
The monthly payment amount is $200 (Principal) $30 (Interest) $230 (Total), resulting in annual interest rate of 89.75%.(APR) The next payment will be due in 30 days for the amount of $230 (Remaining Balance)
*In the case of a NSF Fee or missed payment an additional one time $50 fee will be accrued.
We do not administer additional NSF charges or recurring late fees.
Xcash cares about your well-being, measures are taken to ensure your information is secure.
How We Use and Disclose Personal Information
Xcash may use and disclose Personal Information for the following purposes:
- Establishing your identity
- Determining your eligibility for our products and services
- Assessing your credit
- Providing our products and services to you
- Advancing funds to you
- Collecting payment from you
- Reporting to credit agencies
- Ensuring that we promote safe and responsible borrowing
- Complying with legal and regulatory requirements as necessary for insurance and security requirements
- To detect and prevent fraud, money laundering or other illegal activities
- To keep your information and preferences accurate
- For marketing our products and services to you by email or other means, if you have subscribed to one of our mailing lists
- Any other purpose which is permitted or required by applicable law
We may also disclose your Personal Information for any other purpose to which you consent.
Xcash does not sell or illegally distribute any of your Personal Information.
We may disclose Personal Information to our affiliates and to third party agents and service providers that perform services on our behalf in connection with our business, such as call centers, collection agencies, marketing services, analytics service providers, information technology providers and data hosting and processing services.
If you have subscribed to one of our mailing lists, Xcash may periodically send marketing and promotional offers to you. Any marketing messages sent by Xcash will give you the opportunity to update your contact details and mailing list preferences or unsubscribe from our mailing lists altogether. If you do not wish to receive marketing messages from Xcash, please follow the unsubscribe link in one of our marketing messages to update your preferences or to unsubscribe. You may also contact us using the contact information below.
Personal Information may be subject to transfer to another organization in the event of corporate transaction, such as a merger or change of ownership. This will occur only if the parties have entered into an agreement under which the collection, use and disclosure of the information is restricted to those purposes that relate to the business transaction, including determining whether or not to proceed with the business transaction, and is used by the parties to carry out and complete the business transaction.
Limiting Collection, Use, Disclosure and Retention of Personal Information
Xcash uses secure procedures to destroy, delete or erase Personal Information or convert it into an anonymous form.
Our Website and Cookies
In general, you can view our website and app without giving us any Personal Information. If you are one of our anonymous visitors, please bear in mind that we may still record certain analytical information as described below.
Consent may be given in different ways, such as by signing a document, agreeing through electronic means, consenting verbally, or by voluntarily providing Personal Information to us.
Please note that there are certain circumstances where the collection, use and/or disclosure of Personal Information may be justified or permitted without your consent, or where Xcash may or must disclose information without consent, in accordance with applicable law. You have the right to revoke your consent to the collection, use and disclosure of your Personal Information at any time. However, if you revoke your consent this may prevent us from providing products and services to you. In these circumstances, we may continue to use your Personal Information to the extent that you may owe any amounts to us.
Storage and Security of Personal Information
Xcash is committed to protecting Personal Information against loss, theft, unauthorized access, disclosure, duplication, use and modification Xcash will take steps to maintain physical, procedural and technical security for Personal Information in accordance with industry standards.
Personal Information that is provided to Xcash is primarily stored and maintained within Canada. However, in some instances, Personal Information may be stored or processed outside of Canada, including information that is transferred to our affiliates and third party agents and service providers. In those cases, Personal Information may be subject to the local laws of the jurisdictions within which the information is collected, used, disclosed, stored and/or processed, and may be subject to access by governmental and law enforcement authorities in those jurisdictions.
Accuracy and Access
Xcash attempts to ensure that all Personal Information provided and in its possession is as accurate, current and complete as necessary for the purposes for which we use that information.
You have a right to request access to your Personal Information and to request a correction to it if you believe it is inaccurate. In the event that you believe that your Personal Information is not accurate or you wish access to your Personal Information, you may make a request using the contact information provided below.
We may also be reached at:
Xcash Money Solutions.
3768 Bathurst st. Unit #206
Toronto, Ontario M3H 3M7
Xcash Financial Services 2022. All Rights Reserved.