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You are told by us Exactly About Disrupting the Payday Lending Industry

In Canada, there are over 1,300 payday lending outlets that offer acutely costly but fast and effective methods to borrow money that is short-term. Payday loan providers charge between $15–25 in costs per $100 lent for two weeks, causing yearly portion prices of well over 500 %. In comparison, Canadian law forbids other loan providers from charging much more than 60 per cent yearly interest on loans. The use of payday lenders continues to increase despite the high cost of borrowing. From 2009...

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