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Alberta moves to finish ‘predatory’ pay day loans

Alberta moves to finish ‘predatory’ pay day loans

Michael Franklin CTVNewsCalgary.ca Senior Digital Producer

Functioning on a pledge to finish loan solutions that keep numerous Albertans in a cycle that is vicious of, the NDP federal government has established it offers lowered the attention price on pay day loans and ended concealed charges and costs.

On August 1, the Alberta federal government lowered the rate from $23 per $100 lent down seriously to $15 per $100 lent, rendering it the cheapest borrowing price in the nation. Continue reading “Alberta moves to finish ‘predatory’ pay day loans”