Home В» Blog В» Can I File Bankruptcy for pay day loans in Canada?
You may a bit surpised to hear that 4 in 10 bankruptcies include payday loans. For most people, pay day loans aren’t a single time borrowing option. You might start off thinking I’ll only sign up for one loan, thus I will pay the lease, buy food or produce a bill repayment, however the issue is repaying the payday loan provider the mortgage, plus such high interest, will leave you brief cash once again on your own next pay. That’s why lots of people usually see a 2nd payday lender to settle the initial. Ultimately they become owing multiple pay day loans to numerous lenders that are payday. Continue reading “You might a bit surpised to hear that 4 in 10 bankruptcies include payday advances.”