Speedy Cash
Can I Get a Payday Loan With Bad Credit in Canada?
Can I Get a Payday Loan With Bad Credit in Canada?
Quick Answer
Yes. Speedy Cash does not run a credit score check, so less than perfect credit does not rule you out. Loan review looks at your income, banking history, and ability to repay. Borrow $100 to $1,500 and apply online anytime, with instant decisions and fast funding.
A low credit score can make borrowing feel out of reach. Speedy Cash Canada takes a different approach. We built our Speedy Cash payday loans for Canadians with less than perfect credit. This page explains how we review your application, how much you can borrow, and how fast you can get your money.
Does Speedy Cash Check Your Credit Score?
Speedy Cash does not run a credit score check. The review focuses on your income, banking history, and ability to repay. We look at multiple risk indicators rather than one number. Our no credit check loans are designed for people with less than perfect credit, and we give you an instant loan decision after a short application. A missed bill or a thin credit history does not decide your application on its own. To learn what a score measures, read our credit score wiki entry.
What Matters More Than Your Credit Score
Your income tells us more about repayment than a single number. Speedy Cash accepts several income types, including:
- Employment income
- Employment Insurance (EI)
- Canada Pension Plan (CPP) by direct deposit
- Old Age Security (OAS)
- Private pension by direct deposit
- Canada Child Benefit (CCB) by direct deposit
- Permanent disability benefits, such as CPP-D or ODSP
We also review your chequing history and your ability to repay on time. Together, these give us a fuller picture of your money. Government benefits count too. You can see our government benefits loans page for more detail.
How Much Can You Borrow With Less Than Perfect Credit?
Speedy Cash payday loans range from $100 to $1,500. Your amount depends on your own details, not your province. We look at your income and your ability to repay to set a figure that fits your budget. The most you pay is 14% of the principal, or $14 for every $100 you borrow. We explain every fee up front,so nothing is hidden. You see the full cost before you agree, so you can plan repayment with confidence.
How Fast Can You Get Your Money?
You can apply online any time of the day. Once approved, most customers receive their money the same day, usually within an hour with an Email Money Transfer (EMT) or Instant Debit Card Funding (IDCF). Many customers are funded in 30 minutes or less. Instant Debit Card Funding speed varies based on your bank and runs during business hours. You can also choose an e-transfer payday loan for fast delivery once you are approved.
Where Speedy Cash Lends
Speedy Cash serves eight provinces. You can visit a store in Alberta, British Columbia, Saskatchewan, or Nova Scotia. You can apply online in Manitoba, New Brunswick, Newfoundland and Labrador, and Ontario.
How Repayment Works
A Speedy Cash payday loan is repaid in full on your next paycheque. In Alberta, you can repay through scheduled payments instead. Clear terms and up-front fees mean no surprises at repayment.
A simple budget built around your pay cycle can keep costs down. Statistics Canada’s Survey of Household Spending shows where Canadian households spend the most, which can help you plan around a payday loan.
How to Apply With Speedy Cash
Applying takes only a few minutes. You can start online whenever it suits you, and our team reviews new applications during business hours. Here is what the process looks like:
- Fill out the short online application with your income and banking details
- Choose how much you want to borrow, from $100 to $1,500
- Get an instant loan decision based on your income and ability to repay
- Review your full terms and fees, all explained up front
- Receive your money the same day once approved, usually within an hour
If you prefer to speak with someone in person, you can also visit a Speedy Cash store in Alberta, British Columbia, Saskatchewan, or Nova Scotia.
Frequently Asked Questions
Can I get a payday loan with bad credit and no credit check in Canada?
Yes. Speedy Cash does not run a credit score check. We review your income, banking history, and ability to repay, so less than perfect credit does not rule you out.
What income do I need to qualify?
We accept many income types, including employment, Employment Insurance, CPP, OAS, private pension, the Canada Child Benefit, and permanent disability benefits. Steady income by direct deposit helps us assess your ability to repay.
How much does a payday loan cost?
The most you pay is 14% of the principal, or $14 for every $100 you borrow. Speedy Cash explains every fee up front, and there are no hidden fees.
How soon will I get my money after approval?
Once approved, most customers receive their money the same day with Email Money Transfer (EMT) or Instant Debit Card Funding (IDCF). Many are funded in 30 minutes or less during business hours.