Pay day loans plus the cycle that is never-Ending of A loan that is payday a short-term, high-interest loan this is certainly made to relieve pecuniary hardship occurring in-between paychecks. Based on the Payday that is canadian Loan, very nearly 2 million Canadians use payday-lending solutions each year. Payday advances are priced between $100 to around $1,500 with bi-weekly interest levels as high as 25per cent – or a great 652% in Annual Percentage Rate (APR). […]