Lender
Rating by Finanso®
i

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.

Rifco PayOff

Advertiser Disclosure

Repayment of loan

To ensure that the repayment is paying off in due time, to follow the repayment period, and to avoid additional interest and fees, Rifco offers a choice of payment options.

Thus, the customers are offered to make payment via:

  • Visa, Visa Debit, Mastercard, or Mastercard Debit. This is a no-fee payment, fast and convenient, which can be done online. Do it just from the website by selecting the "Make a Payment" option on the main page, lower part, and getting the "Make a Payment" page. Within this payment option name of the customer and Rifco account number are required.

  • Western Union. Western Union is a quick and easy way to send a wire transfer. Payments are received within 30 minutes of your transaction, but a service charge is applied. At the agent location, the client should complete the blue “Quick Collect” form and include the following information:

  1. Pay to: Rifco

  2. Code City: Rifco AB Senders account number with Rifco – a 6-digit account number that can be received at the Customer Service Team.

  • Online Banking. This is a no-fee payment. Rifco should be added as a payee in the bill payment account, a 6-digit Rifco account number is required.

  • Pre-authorized Payments. This is a no-fee payment. Rifco will require a copy of a void cheque or a pre-authorized debit form from the financial institution. The documents may be emailed or faxed. Verification that the documents are properly received may require, so contact the Customer Service Team.

  • Pay in office. This is a no-fee payment. Just choose the most convenient office and verify the operating hours. Payments accepted include debit, money order, and cheques.

  • E-Transfers. Banking fees may be applied to this type of payment. To make an e-transfer, use [email protected] as the recipient email address, and indicate your name and Rifco account number.

  • Mobile payment web application.

In case of non-payment in time, the money may be automatically withdrawn from your account by Rifco.

Conditions of loan extension and making a payment early shall be discussed with Rifco individually, depending on the credit document the customer has signed.

By paying off your debt, you are getting a good credit history and more profitable conditions for the following loans which may decrease your financial burden.

When considering reducing the number of payments by early payments, do not forget that credit history is based on several successful payments, among other factors. It is also advised to investigate properly your loan agreement conditions to be sure you cover the principal and decrease the loan cost.

Rifco repayment

FAQ

How do I make a payment on Rifco?

Making a payment with Rifco is quite easy as there are a lot of ways to do this. Use credit or debit cards, online bank transfer, Western Union, pre-authorized payments, e-transfer, mobile payment web application, or just pay in the office.

What happens if you don't pay back Rifco?

It is better not to allow this situation to happen. Remember that any missed payment brings a derogatory mark on your credit report and may negatively influence your credit score.

If you miss a loan payment, Rifco will contact you first to get the issue settled and then will follow the procedures to get the money and, if necessary, may consider your account as delinquent.

Defaulting on a car loan will affect further credits, including mortgages and credit cards. Your car can be repossessed and sold out at an auction. In case the sum gained upon selling does not cover the total debt amount, the lender will come back to you to get the rest of the money or even sue you. A repossession is considered a serious degrading point for a credit report and will stay there for seven years. Any remaining debt can be also sent to collections, and you may face further problems, including a lien to put on your house.

Can you pay Rifco early?

Rifco is not very clear with early payments, so it is recommended to verify what is indicated in the loan contract and address the lender.

Can Rifco sue you?

Any lender can sue you if are have defaulted on your payments. It is reasonable to settle the issues amicably and make payments in time.

Financial products
Rifco
Auto financing
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$5,000-$100,000
Rate
i

Effective interest rate on the product

up to 31%
Term
i

Loan term for the financial product

up to 86 months
Similar products
Car Loans Canada
Car loan
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$7,500 - $59,995
Rate
i

Effective interest rate on the product

up to 31.99%
Term
i

Loan term for the financial product

up to 96 months
Eden Park
Car loan
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$1,000-$50,000
Rate
i

Effective interest rate on the product

up to 22.9%
Term
i

Loan term for the financial product

up to 84 months
iA Auto Finance
Car loan
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$5,000-$50,000
Rate
i

Effective interest rate on the product

up to 29.99%
Term
i

Loan term for the financial product

up to 84 months
Coast Capital Savings
Auto finance
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

from 4%
Term
i

Loan term for the financial product

from 84 months
Loanz
Car Loan
Rating by Finanso®
i

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.

Recommended FinScore™
0
300
650
1000
$1,000-$15,000
Rate
i

Effective interest rate on the product

up to 46.9%
Term
i

Loan term for the financial product

up to 60 month
Calculate loan payments in Rifco

Rifco calculator will allow you to calculate an approximate payment schedule for the loan

Rifco calculator
Interest rates are given in accordance with the rates of the Rifco of 19.06.2024
Loan amount
i

Enter the desired loan amount

CAD
CAD
USD
5000 C$
100000 C$
Loan term
i

Specify the loan term for the calculation

months
days
24
86
Province
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Rifco’s reviews by june 2024
Leave feedback
Similar companies
Simple Credit
2001 boul. Robert-Bourassa, suite 1700, Montréal (Québec) H3A 2A6
+1 (514) 904-40-28
Micro Click Loans
-
+1 (800) 933-09-60
Loonie Financial
1329-B Arena Road, Lot 110, Kahnawake Mohawk Territory Via:Quebec, Canada J0L 1B0
+1 (833) 423-22-08
Magik Cash
4180 Boul Henri-Bourassa E, Montreal, QC, H1H1L3
Prêt en ligne
-