Eastern Loans
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Unfair lending practices
Didn't send a loan agreement that outlined the full costs and then charged a surety fee on a payday loan to get out of the maximum of $15/per $100 lent that the Province regulates they made the repayment only a few days longer than a payday loan is defined as. So the loan basically will cost twice the amount lent to pay back to them, which isn't disosed until documents for the loan were already signed. Also no information on how to cancel the loan within a certain period with no penalty. There lending practices are designed to take advantage of people in my opinion, I believe they have also had fundings against the company on a sister company name of operations buy the minister under the consumer protection act. Buyer beware!