Archive for August, 2009

Avoiding the Payday Loan Traps

Monday, August 17th, 2009

A payday loan – or a payday advance – is a short-term and small loan. It is intended to be used for emergency purposes and must be settled on the next payday.
However, payday loans – Toronto or elsewhere – have received numerous criticisms. First, critics contend that they charge ridiculous finance charges in exchange for [...]

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