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Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

LendCare's pay off


Repayment of loan

Loan extension

A loan extension allows debtors to skip a couple of installments for whatever reason. In the process, finance experts stretch out the maturity date by the length of suspended payments. The dedicated team of LendCare has a flexible approach to loan extensions. Consider contacting vetted employees directly for prompt responses by calling the toll-free phone number 1-866-291-4045, emailing at, or creating a request at the "Contact us" page on the LendCare official website.

Early repayment

LendCare allows the customers an early or additional refund to speed up the process and lessen the principal balance. You should contact the dedicated team of qualified employees for the best way forward by calling the toll-free phone number 1-866-291-4045, emailing at, or creating a request at the "Contact us" page on the LendCare official website.


How can I find out the remaining balance?

Accessing loan information or checking balances from LendCare Capital Inc. is easy. Contact the company's employee for updated payout documents, payment plan statements, and a balance letter by calling the toll-free phone number 1-866-291-4045, email at, or creating a request at the "Contact us" page on the LendCare official website.

What to do if I missed the payment?

There is always a reason behind a missed payment of the existing loan. In case you have encountered such a situation, it is highly recommended to report the customer service team of LendCare as soon as possible.

Debt collection methods

Concluding a reimbursement process is the dream of every lender. Besides observing debt collection guiding principles in Canada, LendCare implements the following steps:

  • Courtesy reminder

Sometimes debtors get carried away by life hustles and forget about debt payment due dates. A friendly reminder keeps customers vigilant on prompt repayments. The lender can ease the process by including contact information and bank details in the courtesy reminder.

  • Overdue reminder

Another reminder is necessary if borrowers fail to pay an installment after a courtesy call. Successive polite calls or emails point out the loan amount and a request to repay soonest.

  • Final notice

By now, if a debtor fails to pay according to agreed terms, LendCare will make a final payment request. Therefore, a concluding email or call must contain vital information on outstanding debt.

  • Direct contact

Visiting a defaulted debtor remains the best decision at this level. Doing this helps build well-established relationships beneficial for future repayment processes.

  • Demand letter

After exhausting all possible avenues, a formal letter brings the financial situation to the finale. This acts as the last report, instigating the relationship between financial experts and borrowers.

What to pay attention to when applying for a loan from LendCare

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes LendCare from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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