Financeit Loans Class Action
Fighting Back Against Predatory Home Loan Scams
The Advocacy Centre for the Elderly (ACE) is proud to be working with Sotos Class Actions to commence a class action lawsuit on behalf of vulnerable homeowners—including many seniors—who have alleged they were misled into taking out predatory loans through Financeit Canada Inc. and a network of door-to-door home services dealers including Provincial Smart Home Services and JBR Contracting
What’s the Case About?
This class action aims to expose and challenge a scheme that has impacted countless homeowners across Ontario. We are asking the court to:
- Cancel the affected loans,
- Order Financeit to return all payments made under those loans, and
- Award other damages for their unlawful conduct.
The lawsuit alleges that:
- Financeit acted with high-pressure door-to-door sales companies to market home improvement services—such as HVAC systems—under the guise of government rebates and free upgrades.
- Consumers were locked into long-term, high-interest loans—often without fully understanding the terms.
- These agreements failed to comply with consumer protection legislation, charged inflated prices, and often resulted in faulty or unnecessary equipment.
- Despite acknowledging the fraudulent practices of its partner companies, Financeit continues to enforce these loans.
You can read the full Statement of Claim here (PDF).
Who Is Included in the Class?
You may be part of this class action if:
You entered into a loan agreement with Financeit Canada Inc., through a door-to-door dealer, for home services such as HVAC equipment, water heaters, windows, roofing, or other renovations.
Interested in Joining or Getting Updates?
All case updates and information about how to join the class action are available on the Sotos Class Actions website: