Payday Loans and Bankruptcy in Canada: No Clear Correlation
Manitoba University Study Unintentionally Dispels Numerous Myths
Human Ecology professors Ruth Berry and Karen Duncan of the University of Manitoba appear to have been ready to point the accusing finger at payday loans in Canada. Given supporting data, it appears they would have been happy to report that payday loans and [...]
Ontario Advocate Group PIAC Confused About the Payday Loan
PIAC, leave well enough alone
If certain groups in Ontario have their way, a payday loan would be as hard to come by as honest bank CEOs… right?
Recently, the Center For Responsible Lending or a similar “self-interest” group sat Ontario’s Public Interest Advocacy Centre (PIAC) down in its lap and made [...]
UPDATE: Manitoba government defies court, caps payday loans
Paul Turenne of the Winnipeg Sun reports that the Manitoba government will cap payday loans in a move that defies the Court of Appeal’s ruling regarding the fairness of such a cap. In theory, this will prevent payday loan companies from challenging the cap in court. To read about the [...]
Court Rules For Payday Loans in Manitoba
Recent developments in the Canadian province of Manitoba bode well for the continued use of payday loans as a product for discerning consumers who appreciate financial freedom and convenience. People who need cash help from time to time during budget shortfalls will be the most deserving beneficiaries.
What happened?
The Manitoba Court [...]
Who Uses Payday Loans – A Canadian Perspective (British Columbia)
If you’ll recall, last time we reviewed Pollara’s demographic study of payday loans use in Manitoba. Continuing our look at the demographics of those who use payday loans, let’s focus on a study conducted by Pollara that studied the demographic data for British Columbia. The survey group is 400 customers. [...]
Who Uses Payday Loans – A Canadian Perspective (Manitoba)
Analyze This!
In our previous study, we analyzed current demographic data for users of PersonalMoneyStore.com, an online portal where users can be matched with lenders who supply payday loans for consumers who are experiencing short-term financial difficulties.
The collected data refutes prevalent media claims that the payday loan are instruments of economic [...]
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