Repayment of loan
The repayment period could be up to 90-120 days. Captain Cash services provide a flexible payment plan: 3,6 or 12 installments. Pay frequencies are from weekly to monthly.
There are 3 ways to make a repayment:
Email money transfer.
Credit card
Automatic withdrawal.
To pay with a card call 1-877-471-4589. For email transfer or early automatic withdrawal yo,u could either call or mail at Receivables@diamondfinancialone.com
The first repayment should be automatic, by direct payment from the account you have accepted during the application.
An automatic withdrawal (or direct payment) is an instruction from you to your bank which authorizes the company to collect the fixed amount. You have already agreed with the amount, the terms, and the dates of collection in the application form.
The money is deducted automatically with no additional fees. You won't miss a regular important payments.
Also, you can make an online payment using Interac e-Transfers.
Access your online bank account and locate the Interac e-Transfers section.
Transfer the desired sum using Receivables@diamondfinancialone.com as the recipient.
Use the security question “who do I owe” and the security answer “captain cash” (no capital letters or spaces).
Fill out the identification form https://captaincash.ca/online-payment/
Conditions of loan extension
To extend a loan you should notice the lender in advance (48 hours) to stop the regular repayment.
You can't defer your first and last payment or two payments in a row. Also, it's impossible to make late payments if your last one was unsuccessful.
Note that late payments are fined. The first time the fee is $25, the next it costs you $50 ($25 fee and $25 off your balance) and the third deferral request is $75. A fee will be added to the end of your contract.
Stop paying back is disadvantageous because the stop payments fee is more than the deferral fee. And multiple stop payments give your loan file a poor score which affects your chances of approval for future loans.
If you don't call or email to defer your payment and miss it, you will acquire $45.00 for insufficient funds. Missed regular payment will be postponed to the end of your contract with an NSF fee.
For each payment you have missed, the loan will be extended by 2 payments: for the missed one, and the NSF fee.
Try to make the repayment you've skipped within 5 business days. In this case, no NSF fee will be charged.
To defer the payment call: 1-877-471-4589 or email at Receivables@diamondfinancialone.com
Early payoff
You can make all the repayments early except the first one, which should be paid as it's scheduled by automatic withdrawal.
There are three other options for early repayments:
Email money transfer.
Credit card
Automatic withdrawal.
For paying with a card call 1-877-471-4589. For email transfer or early automatic withdrawal, you could either call or email at Receivables@diamondfinancialone.com
Paying off your debt early is a great opportunity to reduce a financial burden. Give a notice to the lender minimum of 48 hours to stop the regular repayment, and in 7 days to stop a surety fee.
Interest rates ofshort-termm loans are high, so try paying as early as possible. If you qualify for a traditional loan with lower interest rates, it is better to use bank services.
