Important information

Responsible lending policy

Your loan application on our site will be subject to an analysis and selection process. This is to ensure the amount of your loan matches your ability to pay.

This includes among others:

• Ensuring your income meets our criteria;
• Checking with your financial institution that you don’t have too many unpaid bills
• Determining if you will be able to repay your loan amount.

If your request meets all of our criteria, it will be ACCEPTED.

Responsible collection

Northstars Brokers uses responsible collection practices and complies with legal provisions in Canada. If for any reason you are having difficulty repaying your loan, our employees will negotiate an agreement with you that respects your ability to pay. If you don’t pay your installments on time, your interest may increase. You are responsible for the legal costs due to the collection of your balance.

Missed payments and credit score

Payments that have been refused by your financial institution for lack of funds will be postponed to the end of the contract and will incur a fee of $40. Difficulty repaying your payments will not impact your credit rating. Your file will never be reported to the credit agencies. If you urgently need to defer one of your payments, call us within 48 hours.