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Bankruptcies involving loans that are payday the increase

Nearly four in ten Ontario insolvencies in 2018 involved pay day loans, in accordance with research by insolvency trustee company, Hoyes, Michalos & Associates. The company adds that despite legislative modifications to cut back customer danger, pay day loan usage among greatly indebted Ontarians continues to increase. Trapping customers “Regulatory changes to lessen the expense […]

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