Let's say a paycheque is $300. You borrow $100 from the pay day loan store, and now owe them $125. You get your $300 paycheque next week, but now you only get to keep $175, the rest pays back the loan. For many people, they have started started into a cycle which is very difficult to get out of. I meet with some people who owe money to 2 or more pay day loan stores. You need to look at the big picture before you get stuck into a bad cycle. If you can't pay your credit cards and unsecured loans, you should call us at 519-250-8060 or 310-PLAN
to see if a consumer proposal or personal bankruptcy is an option for you.
posted by Rebecca Martyn, CGA, CIRP, Trustee @ 2:06 PM
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