How it Works
We know there’s more to life than just credit scores and income. LM Credit takes the time to learn about your story and tailor a loan that works for you.
1. Apply in minutes.
Get started online or give us a call at 1-833-301-1058 to begin your application. We have real people review your documents and information, then we work directly with you to understand your unique situation.
What you need:
Documents for your Personal Unsecured Loan:
- Non-expired Government issued photo I.D.
- Proof of address
- Proof of income (two recent paystubs)
- Bank statement (last 90 days of banking information)
- Pre-authorized debit form or void cheque
2. Get approved
Get money the same day you’re loan is approved.
We go through your application with you within 2 business days, often faster. We let you know as quickly as possible if you’re approved and we put the money towards your debt right away.
What do I need in order to get approved?
How long does it take to know if I am approved?
We like to talk to our clients to complete the application process with them, so approvals depend on how long it takes to get you on the phone before we enter into a partnership. Typically, we get you approved within 2 business days and sometimes as fast as 30 minutes.
3. Make easier payments
Make payments more manageable to elevate your credit.
We educate you about the type of loan that you need to ensure you understand every aspect of the partnership we make with you. LM Credit’s experience and strong relationships with major financial institutions enable us to negotiate in your favour on your behalf. We negotiate directly with your creditor or major banking institution to get the best plan to solve your debt, fast. LM Credit even reports your payments to the credit bureau to help rebuild your credit.
Do you offer loan protection?
We work with insurance partners that will give you loan protection if desired. The loan protection plan may protect you in case of job loss, injury, illness and in the worst possible case, if you pass away. The optional Loan Protection Plan is a Credit Group Insurance Plan underwritten by Canadian Premier Life and offers the following:
- If you are laid off, your payments are covered up to 6 months*
- If you are injured or ill, your payments are covered up to 6 months*
- If you suffer a critical illness or pass away, you will receive full payment of your outstanding principal balance*
* Limitations and exclusions apply for all coverage types.
How do you accept payments?
We accept payments through an automatic payment plan.
How do you help rebuild my credit?
At LM Credit we report your payment history to Equifax and to Trans-union. We pay for the ability to report directly, so they are getting the information needed to improve your credit score.
What we offer
We want to make it easier to elevate your credit and get you back on track.
- Unsecured Personal Loans from $500 – $15,000
- Interest rates starting at 10.99%
- Terms from 9-60 months
- See our full Terms
Whatever your situation, LM Credit can help.
- Debt consolidation
- Paying off collections
- Unexpected expenditures
- Car repairs
- Phone and internet bills
- Overdue utilities
- Emergency repairs to your home