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The newest Democrats introduced a bill Tuesday that will provide customers an substitute for costly pay day loans.
вЂњBecause associated with interest that is exorbitant therefore the method in which the attention substances with payday loan providers, many individuals whom make use of the cash go into a period of owing,вЂќ said Susan Leblanc, the NDP agent for Dartmouth North. вЂњIt can actually quickly spiral out of hand. Our bill is basically providing an alternate to those kinds of loans, that are far lower interest micro-credit loans which will be offered through the credit union system.вЂќ