Disrupting the Payday Lending business nada, there are over 1,300 payday lending outlets that offer excessively expe

Disrupting the Payday Lending business nada, there are over 1,300 payday lending outlets that offer excessively expe

In Canada, there are over 1,300 payday lending outlets that offer excessively high priced but fast and effective approaches to borrow short-term cash. Payday loan providers charge between $15–25 in costs per $100 lent for a fortnight, leading to yearly portion prices of well over 500 %. In comparison, Canadian legislation forbids other loan providers from charging much more than 60 % yearly interest on loans. Read more of this post