| Company

The Cash Store acts as a broker on behalf of consumers seeking short term cash advances with third party lenders without having to provide a credit history or security on the loan, as is generally required by commercial lending institutions.
Based on approval criteria provided by the lender to The Cash Store, the customer is assessed as to eligibility for an advance. If approved, The Cash Store provides loan documentation to the customer. The completed loan application, which is between the customer and the lender, is provided by The Cash Store to the lender who in turn authorizes The Cash Store to forward the cash advance to the customer on behalf of the lender. Upon a cash advance becoming due and payable, the customer must make their repayment to The Cash Store, which in turn remits the funds back to the third-party lender to retire the loan.

The Cash Store remits the principal amount, which includes the original broker fee retained for our services once repayment has been made by the customer, to the lender with the recalculated interest.