Yes. Fort McMurray residents can borrow up to $1,500 online from an Alberta-licensed lender, at no more than $14 per $100, repaid over 42 to 62 days. A high income doesn’t make a payday loan cheaper; a one-paycheque savings buffer does.
The Regional Municipality of Wood Buffalo has about 72,000 residents (2021 Census), most of them in Fort McMurray. Oil sands operations dominate the economy, with high wages, rotational schedules and a high cost of living. Fort McMurray residents apply online with Alberta-licensed lenders and receive funds by e-Transfer.
Full rules: payday loans in Alberta.
Fort McMurray-specific things to know
- The fee doesn’t shrink with your income. At $14 per $100, a $1,000 loan costs the same $140 whatever you earn.
- Pay yourself first. An automatic transfer to savings on payday, before spending starts, builds a buffer faster than anything else.
Free help in Fort McMurray
Income Support
Alberta Supports serves Wood Buffalo: 1-877-644-9992. Emergencies, 24/7: 1-866-644-5135.
Utility bills
Utilities Consumer Advocate: 310-4822.
211 Alberta
Wood Buffalo food banks and rent help: dial 211 or visit ab.211.ca.
Fort McMurray neighbourhoods
- Downtown Fort McMurray
- Thickwood
- Timberlea
- Abasand
- Beacon Hill
- Gregoire
- Waterways
- Eagle Ridge
- Parsons Creek
- Dickinsfield
- Saprae Creek
Nearby: Grande Prairie, Edmonton