With a payday loan company Money Mart National Money Mart Company, a subsidiary located in Victoria from the U.S. company Dollar Financial Group (DFG) is the leader in Canada. It estimates its market share to 30 per 100, regarding the number of outlets, and 50 per 100, regarding the volume of its business. In November 2005 it had 344 outlets Money Mart in Canada, 130 of which were franchises. During 2004-2005, the Canadian operations of DFG totaled U.S. $ 108.2 million, or 37.1 per 100 of the total income of the company. Between 2003-2004 and 2004-2005, the revenues from DFG’s activities in Canada increased by 23.4 million U.S. dollars. The company believes that this growth is attributable to the strong Canadian currency, adjustments to the pricing of products ready for consumption in the short term at the end of 2003-2004 and to increase the amounts granted as loans result of changes to the criteria in this area in 2004-2005 (8).

Rentcash Inc.., Edmonton-based company listed on the Toronto Stock Exchange (TSX: SCR) is the most important competitor of the National Money Mart Company in Canada. In November 2005, Rent cash had 298 outlets payday loan in all of Canada except Quebec and Nunavut: 197 under the banner Cash Stores and 101 under the banner Instant loans. Rent cash also has 86 points Instant rent, which are located primarily in The Brick and United Furniture Warehouse and is essentially a rental furniture, electronics and household computers.

Best use of payday loans:
If you are on the loan from Monday to Thursday, you get the loan on the next working day, ie Tuesday to Friday. If you are on the loan on Friday, then you get the loan on the next Monday, and if you on Saturday or Sunday, so you get the loan on Tuesday. So the best time to apply for the loan is Monday to Thursday.

When will you get the money?
Since the process is very easy to get the loans usually your loan within 24 hours after application. Companies are your documents, and check your data with an automated system as VPN software, and then approve your loan. The entire process of verification of identity and depositing the money Check your A / C runs for 24 hours. There are some companies, the filing of the loan amounting to less than 24 hours.

Cost of payday loans
Typically, a payday loan company costs 15 to 30 USD per 100 to borrow U.S. dollars. So, if you borrow $ 100, you need 115 to 130 USD at the next payday.