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Bankruptcies involving payday advances on the increase

Bankruptcies involving payday advances on the increase Very nearly four in ten Ontario insolvencies in 2018 involved pay day loans, in accordance with research by insolvency trustee company, Hoyes, Michalos & Associates. The company adds that despite legislative modifications to lessen customer risk, cash advance usage among greatly indebted Ontarians will continue to rise. Trapping […]