Payday Loans and Bankruptcy in Canada: No Clear Correlation

Payday loans and bankruptcy are like peaches and cream to sensationalistic media and banking types. But this study from Manitoba shows no correlation. CLICK HERE.
Payday loans have not put this woman on the street. This study indicates that there is in fact no clear correlation between using payday loans and facing financial calamity like bankruptcy. (Photo: flickr.com)
Tuesday, November 17th, 2009 by
By Steve Tarlow