Peterborough has about 84,000 residents (2021 Census) and is the gateway to the Kawarthas, with Trent University, Fleming College and a regional hospital among its largest employers. Peterborough residents apply online with Ontario-licensed lenders and receive funds by e-Transfer.
A Peterborough exampleRob missed his payment two weeks ago, and the lender has called four times this week, once on a Sunday. Ontario rules allow no more than three contacts in seven days, and the lender can’t call his family or friends about the debt. Rob writes down the dates, calls the lender to set up a payment plan, and knows he can complain to Consumer Protection Ontario if the calls continue.
Peterborough borrowers are covered by Ontario’s payday loan rules: at most $14 per $100, half your net pay, and two business days to cancel.
Peterborough-specific things to know
- Three contacts in seven days. A payday lender can’t contact you more than three times in a seven-day period about a missed payment, and calls are limited to set hours.
- Your family is off-limits. Lenders can’t contact your spouse, family, friends or neighbours about your loan. Keep a log if they do.
Free help in Peterborough before you borrow
Ontario Works
Delivered by the City of Peterborough for the city and Peterborough County.
Electricity bills
Hydro One customers: ask about LEAP emergency help. The OESP credit is open to every Ontario household.
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Food banks, rent help and other Peterborough services, by phone, text or 211ontario.ca.
Neighbourhoods we serve in Peterborough
- Downtown Peterborough
- East City
- The Avenues
- Old West End
- Kawartha Heights
- Northcrest
- Westmount
- Jackson Park
- Otonabee
Nearby: Oshawa, Whitby, Belleville, Kingston