NDP bill provides Nova Scotians option to payday advances

NDP bill provides Nova Scotians option to payday advances

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The newest Democrats introduced a bill Tuesday that will provide customers a substitute for payday that is expensive.

“Because associated with the excessive rates www.badcreditloanzone.com/payday-loans-ca of interest while the means that the attention substances with payday lenders, many individuals who make use of the cash enter into a period of owing,” said Susan Leblanc, the NDP agent for Dartmouth North. “It can actually quickly spiral away from control. Our bill is actually providing a substitute for those kinds of loans, that are much lower interest micro-credit loans which may be offered through the credit union system.”

You will find 42 cash advance outlets in Nova Scotia, based on a study commissioned for customer advocate Dave Roberts and submitted into the Nova Scotia Utility and Review Board. Continue reading “NDP bill provides Nova Scotians option to payday advances”