Pay day loans and Bankruptcy

Pay day loans and Bankruptcy

Despite customer warnings in regards to the high price of payday loans, and modifications built to legislation around payday advances to cut back dangers to consumers, greatly indebted insolvent customers continue to utilize pay day loans as part of your before.

Our yearly Hoyes, Michalos & Associates Inc. research on bankruptcy and payday loans for 2019 reveals that very nearly four in ten insolvencies in Ontario include payday advances while the rate of good use among heavily indebted borrowers will continue to boost. (more…)

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