What happens if I don’t pay?

iCash encourages responsible lending and tries to make it as easy as possible for you, but failure to repay your loan may result in a negative report to the credit bureaus, which could reduce your credit score.
If you do not repay your loan on your payment due date(s), your loan will be considered delinquent and will be subject to an NSF fee(s) of up to $48 depending on your province for any payment missed. In addition, late interest will accrue on any unpaid balance at an annual rate of up to 59% per annum depending on your province. Your account can be sent to external collection agency or even could be taken up in court and you will have to bear all the legal, court and administration fees.
It is never a good idea to leave your balance unpaid, if you are having financial difficulties please let us know and we can work with you on finding a comfortable repayment plan.