Payday advances are a challenge, because as all readers that are astute have previously surmised, “$18 on one hundred” is not just like it seems. In the event that you borrow and repay every fourteen days, this is the same in principle as a yearly interest of 468%. How can that effect borrowers?
The Ontario government is hearings that are holding Bill 59 – Putting Consumers First Act, legislation that features proposed modifications into the pay day loans Act. Continue reading “Minor Tweaks Won’t Solve The Cash Advance Crisis”