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BBB: Understanding the risks and costs before taking out a personal loan
St. Louis, Missouri - When cash is tight and bills loom, some consumers turn to payday loans. If not approached with caution, these loans can snowball into large debt, with high interest rates and collection tactics under pressure.…
Insolvency trustee warns payday lenders could profit from COVID-19 economic blows
Under Nova Scotia law, lenders can charge a maximum of $ 19 for every $ 100 borrowed, and up to 60% interest (annual interest rate) if borrowers pay late.
As Canada's unemployment rate continues to rise due to COVID-19, a Halifax…