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Archive for the ‘Lowest Fees Payday Loans’ category

It’s no key that payday advances charge an outrageously high interest. In Ontario, at the time of 2018, payday lenders may charge $15 for $100. You would pay $390 a year, that’s an interest rate is 390% on an annual basis if you take out a new $100 loan every two weeks. And therein lies the issue by using these kinds of loans. But exactly what could be the solution?

On today’s podcast, we consult with Jonathan Bishop, a study and Parliamentary Analyst at the Public Interest Advocacy Centre (PIAC) about Bill 156 and unsecured guarantor loan legislation. Read more »