Common Questions about EI Payday Loans Canada: Unemployed People Also Asks
Can I get a loan on EI in Toronto? Yes, you can get a loan on EI in Toronto, and you are not limited to just payday loans. Installment loans and car title loans are other types of loans you can apply for if you receive Social Security benefits. How do I know a payday lender is legitimate for EI Loan? It is possible to judge the legitimacy of a payday lender in several ways. A business license can be checked, as can transparency with fees, third-party reviews, and BBB accreditation. Can I get a Personal Line Of Credit for EI? Yes, you can get a Personal Line Of Credit for EI, but it depends on the lender. Depending on which lender you go to, you may be permitted to use EI as a source of income. Can I get a cash loan if I’m on EI and have bad credit? Yes, you can still get a bad credit loan while on EI in Canada. It is generally easier to qualify for a payday loan, however, there are some risks involved. Content Source: https://www.loansforunemployed.ca/blog/are-unemployed-eligible-fo