Whenever money trumps ‘education’ for pay day loan users

Whenever money trumps ‘education’ for pay day loan users

Despite negative image pay day loan industry states it really is a necessary solution for marginalized Canadians

The findings of a new payday loan survey seem to confirm the obvious: most people say they only go to high-interest moneylenders because they have no alternative at first blush.

Nevertheless the numbers raise another concern: Are main-stream banking institutions making a huge number of marginalized Canadians behind?

It’s a summary reached as an element of a Canadian Centre for Policy Alternatives paper released Monday highlighting a study of 268 people in ACORN, a nationwide company of low and income that is moderate. weiterlesen →