Payday Loans

• Lenders, police warn about capping the criminal interest rate. Here’s why

  A Liberal plan to cap the criminal rate of interest could have 'unintended' consequences that puts more vulnerable Canadians at risk, police and lenders are warning.

  Crime

  Feb 5, 2024
  
• B.C. rally takes aim at ‘criminal’ high-interest payday loans

  Acorn Canada wants to see interest rates capped at 30 per cent. Currently, alternative lenders are allowed to hit borrowers for as much as 60 per cent interest.

  Consumer

  Jan 24, 2023
  
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• Search data suggests Canadians turning to expensive car title loans amid recession

  Cash-strapped Canadians may be trying to borrow against their cars.

  Money

  Dec 11, 2020
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• Pay $4,300, get $1,750 back after 3 years. One man’s cautionary tale about ‘savings loans’

  Cody O'Day says he never intended to sign up for a so-called "savings loan," which provides no cash upfront.

  Money

  Nov 30, 2019
• Kitchener moves to cut number of payday loan companies within city

  On Monday night, city council voted to cap the number of payday loan business at 10 through new business licensing regulations.

  Canada

  Jun 25, 2019
• British Columbia cracks down on ‘predatory’ practices by payday loan companies

  The B.C. government is cracking down on "predatory" practices by payday loans operations in the province.

  Politics

  Feb 26, 2019
• 5 signs you need help with your debt

  These are usually the points of no return, according to experts.

  Money

  Feb 21, 2019
• Buying nothing may be the key to a stress-free holiday, group says

  The Buy Nothing Project provides a way to give, receive, share, lend and express gratitude — without exchanging money.

  Canada

  Dec 3, 2018
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• New rules limit location, number of payday loan companies in Kingston

  The City of Kingston is taking steps to limit the number and location of payday loan businesses and to educate consumers about the potential downside of taking short-term, high interest loans.

  Consumer

  Oct 4, 2018
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• Food banks, bills and constant stress: What living in poverty really means in Canada

  A survey by the Angus Reid Institute took a deeper look at the challenges faced by Canadians who struggle to make ends meet.

  Canada

  Jul 17, 2018