After choosing to borrow

Save a copy of the credit agreement

Retain a copy of the credit agreement as soon as you sign or agree to it. You may need to review it later to:

  • Repay the loan early
  • Cancel an optional product

Cancel or repay the loan

Some loans, including payday and high-cost credit loans, have a one- or two-day 'cooling off' period in which you can cancel and repay the loan without any penalty.

Consider paying off some or all the loan early if you have the means. Except for mortgage loans, you have the right to repay a loan before it is due without penalty.

Get help managing your money

If you need help managing your debt or balancing your budget, there are free resources available to help you.