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Why the Ontario national Did come down Hard n’t Enough regarding the pay day loan Industry

Why the Ontario national Did come down Hard n’t Enough regarding the pay day loan Industry Home » Blog » Why the Ontario national Didn’t fall tricky adequate from the pay day loan Industry Payday advances are a challenge. The attention rate charged is massive. In 2016, payday loan providers in Ontario may charge a optimum of $21 on every $100 lent, therefore then repeat that cycle for a year, you end up paying $546 on the $100 you borrowed if you borrow $100 for two weeks, pay it back with interest, and. That’s an interest that is annual of 546%, and that’s a huge problem nonetheless it’s not illegal, because...

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