Archive for August, 2009

Avoiding the Payday Loan Traps

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 [...]