Payday Advance

Payday Advance              Payday Advance

Our mission

At My Cash Cow, our goal is to provide the best customer service in the Payday Loan Industry. We provide Payday Loans against all types of income including benefits, disability, pension and employment. Our application processing company uses secure internet encryption technology to protect your privacy, which verifies your identity and allows you to sign the documents.

Late Payment or NSF Payments

If MyCashCow receives your payment after the due date of your loan, it will be considered late, and you will be charged a fee of $50 from MyCashCow. Annual interest for late payment is calculated at 59% after the original due date of the loan. You may also incur an overdraft charge from your bank. The best way to avoid making late payments is have sufficient funds in your bank account on your payment due date. MyCashCow has agreements with third party collections agencies, authorizing them to collect on delinquent accounts. Accounts may be settled for less than the amount actually owing, at the discretion of the collection agency.

If a pre-authorized withdrawal is returned for any of reason you will be charged an NSF fee of $50 from MyCashCow. You may also incur an overdraft charge from your bank.

Implications of Non Payment

In the event that you do not repay us on a loan, you will not be permitted to borrow from us again until such time as you have repaid your outstanding delinquent loan. In addition, your file, including all delinquency information regarding your delinquent loan, will be sent to a third party collection agency. We only use reputable collection agencies that comply with all prevailing best and lawful collections practices.

Any customer who does not repay his or her loan in full by the loan's due date will be considered delinquent and the loan will be classified as non-payed. In such cases, the customer's file will be sent to a third party collection agency and customer will have this default reported to a credit agency. The customer's credit rating may be negatively impacted..

APR Explained

Our Annual Percentage Rate (APR) for loans is 596%. Currently we are not lending in Quebec, Manitoba and Ontario. This calculation is based on a sample client who would borrow and re-borrow the same amount of money for 26 consecutive paydays in one year.

aro Am I eligible?
Be at least 18 years of age
Be a Canadian Citizen or Permanent Resident
Be employed or benefit recipient

aro How It Works?
Complete the online application
We will assess your application
You will receive confirmation email if approved
Money can be emailed for small extra fee or received same day in your account if your loan is approved before est.

aro Compliance
MyCashCow complies with all government regulations in the jurisdictions in which we offer our services

aro Renewal Policy
Pursuant to relevant payday loan statutes and regulations, does not offer refinances, rollovers or extensions to its payday loans in any jurisdictions that prohibit refinances, rollovers, or extension.
 1623 Military Rd suite 127,
Niagara Falls NY 14304

Toll Free Phone: 1-866-279-3703
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