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Crédit Yamaska

FAQ


Where can you find a fax?
  • Bookstore
  • Drugstore
  • Convenience store
  • Staples
  • Post office
  • Copy center 

Do you accept customers whose income is from employment insurance, social welfare, CSST, SAAQ, pension board, etc.?

No, only employees are eligible. These incomes are elusive; they cannot serve as a guarantee of payment.


Do you accept self-employed workers?

No, unfortunately, self-employed workers are not eligible.


Cases of refusal?
  • Unsatisfied consumer proposal;
  • Undischarged bankruptcy;
  • Unstable work;
  • Incomplete form or incorrect information;
  • Too many non sufficient funds payments in your bank account;
  • Work outside of the province of Quebec. 

Eligibility criteria?
  • Be 18 years old and over;
  • Have a steady job with a 4 month experience.
  • Be paid by direct deposit;
  • Work in the province of Quebec;
  • Not being under an undischarged bankruptcy or a unsatisfied consumer proposal or about to be;
  • Have a stable net salary of:
    • Minimum of $270 per week ($540 biweekly) for a $500 loan.
    • Minimum of $324 per week ($648 biweekly) for a $600 loan.
    • Minimum of $378 per week ($756 biweekly) for a $700 loan.

How can I apply?

You can apply online by visiting our Loan Application page, by calling us at 1-877-534-1999, or by e-mail: info@credityamaska.com

How long does it take to receive the funds?
If we receive your signed contract before 10:00 am, you may receive the funds in your bank account by the end of the day. However, if we receive your signed contract after 10:00 am, it may take up to 24 business hours to receive the funds.


Why the cost (or interest) are they so high?

You are quite right to ask this question. At first glance, the total costs of $250 for a $500 loan seem enormous. You can read all over the internet that this amounts to disproportionate interest, depending on the different calculations. What to know in this case is that for a $500 loan, Survey costs, employees salaries, processing of the file and after acceptance of payments are almost the same as for a loan of $10,000 or any other amount. And of course the percentage of loss is higher. This is also why traditional financial institutions do not. It would not be profitable for them to do so at these rates called «normal».

On the other side, be careful because in this area, many have rates from 28% to 32%. though it is practically impossible to achieve profit under 50%. These companies will often charge you additional fees, such as brokerage fees, fees for automatic withdrawals, etc... At Credit Yamaska, there are no hidden costs. Be careful!!!