Clamping Down On Payday Advances & Regulating Alternative Lenders

Clamping Down On Payday Advances & Regulating Alternative Lenders

Recently, the Ontario Ministry of national and Consumer Services (Ministry) asked interested events to submit their tips about prospective techniques to strengthen customer security for those of you people who might use alternate economic solutions (AFS) such as pay day loans and quick cash installment loans, along with people who could find by themselves dealing with loan companies.

The excessive use of high-cost, subprime lending products has on every day Canadians as one of Ontario’s largest personal insolvency firms, we see first-hand the devastating financial impact. As numerous whom read our we we blog understand, I am especially enraged by the techniques of payday lenders along with other borrowing products built to entrap people in a period of cash advance borrowing against their very own economic interest that is best. Continue reading “Clamping Down On Payday Advances & Regulating Alternative Lenders”