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Pay day loan solutions. Cover of this guide Payday Lending in Canada in a worldwide context

Pay day loan solutions. Cover of this guide Payday Lending in Canada in a worldwide context

Canadians of modest means in many cases are kept without any option but to borrow from the high-cost payday loan provider. As these fringe loan providers charge up to 390 % annualized interest – well more than present customer borrowing prices at banking institutions and credit unions – people who can minimum manage to spend are obligated to do this.

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