Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
If you have recently received a “legal notice” or “arrest warrant” sent on behalf of “Loans Canada”, it is a scam. LoansCanada.ca will never send out any type of “legal notice”. Furthermore, an arrest warrant must come from an official law enforcement entity. No lender, financial service provider, company, debt collection company, debt collection officer, etc, will ever send an “arrest warrant”.
If you receive an email from these scammers that says you’re being sued by “Loans Canada” or that there is an arrest out for your arrest because you failed to pay off a loan from “Loan Canada”, do not engage with these people. Do not provide them with any personal information or any financial information, and do not give them any money or access to your online banking.
It has come to our attention that certain companies, operating under several names, have been posing as a loan referral service. After a consumer has submitted an application with one of these companies, the applicant will have a specific amount of money debited directly from their bank account. The transaction description may contain the term “Loans Canada” or similar. This has caused a lot of confusion as we operate our business using the URL loanscananda.ca. We want to make it abundantly clear that we are not associated with any of these companies at all, directly or by extension.
Also, if you have received any message or offer from an email account ending with @gmail.com, @yahoo.com or @hotmail.com or any domain other than loanscanada.ca please note that it is a scam. Furthermore, Loans Canada is not a lender and as such will never send you a loan offer or approval.
Please be advised that the following companies have no affiliation with loanscanada.ca and are known scammers:
We want to make it very clear that we, loanscanada.ca, do not ask our clients for any type of upfront fee, security fee, or insurance fee (read more about loan insurance scams here). This is not only an unethical business practice that greatly affects hard-working Canadians, but it is also a scam and it is illegal. If any loan company asks you to provide them with a specific amount of money before you are able to gain access to your loan, do not give them the money. If you have already provided them with access to your bank account:
Please also be advised that loanscanada.ca or any of our partners will never ask you to directly transfer any amount of money to any account under the guise of loan insurance. We have recently been provided with updated information about scammers who request that consumers directly deposit money into numerous bank accounts at the request of these so-called loan insurance providers. This is a scam.
Unfortunately, loan scams are extremely common. For every reputable lender, there is a fraudulent one looking to scam unsuspecting consumers out of their money. One of the best ways to help prevent these scammers from succeeding is to be as informed as possible. Here are some of the most common red flags to look out for:
For more information on how to avoid loan scams, read this article.
The only way we can stop these deceptive companies is through vigilance. No matter what type of company you’re working with, big or small, well established or new, if you have to sign a contract, please always make sure you understand what you are signing.
Again, if you or anyone you know has dealt with this type of fraud, please get in contact with the CAFC right away.
Rating of 5/5 based on 36 votes.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Don’t pay until March with this offer from our partner, Fairstone.* Ends January 31st.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.