The Walrus: Easy Money: The troubling rise of Canada's payday-loan industry. Posted May 19, 2015. ONE DAY LAST APRIL, I met Mark and Sarah (not their real names) at a McDonald's down the block from their apartment, in Glenbrooke North, a mixed-income neighbourhood in New Westminster, British Columbia.
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These loans, often in the form of payday loans or car title loans. Wiessmann points to alternatives to "easy.
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Payday loans should definitely be used as a last resort, and they are suited for people who need a reasonably small amount of money in a short period of time. Many of those who apply for a payday loan also have bad credit. Fees associated with these fast cash loans are exorbitant, translating into annual interest rates of.
Note: This is a post from Joan Concilio, Man Vs. Debt community manager. Read more about Joan here. I’m that lady. The one with the checkbook and the neat lines of.
Jan 14, 2009. I continue to see more and more clients come in to see me about filing a Chapter 7 or Chapter 13 bankruptcy after being caught up in the payday loan or check cashing trap. It's an easy lure – quick easy money with no credit check. It is easy for consumers to rationalize that they can pay the money back out.
Wiessmann explained how these lending schemes work: These loans, often in the form of payday loans or car title loans. Learn more about the risks of “easy.
Effective July 29, 2015, EZCORP, Inc. announced the closure of its U.S. Financial Services business which offered payday loans, auto title loans.
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Last spring, President Obama weighed in, saying, “While payday loans might seem like easy money, folks often end up trapped in a cycle of debt.” The comedian Sarah Silverman, in a Last Week Tonight With John Oliver skit, put things more directly: “If you're considering taking out a payday loan, I'd like to tell you about a.
On the streets of Oakland and Philadelphia and Santa Fe, payday lenders promise fast, easy money in a pinch. These businesses extend short-term credit to.
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Some are simply sucked in by promises of easy money. Scott Tucker, a payday.