Pay day loans in Alberta Reviewed. The Cash Advance Business in Alberta

Pay day loans in Alberta Reviewed. The Cash Advance Business in Alberta

Payday advances in Alberta are allowed under area 347.1 for the Criminal Code. Parliament amended the Criminal Code to permit the provinces to manage the pay day loan industry. The Province of Alberta control pay day loans via Payday Loans Regulation with amendment up to and including Alberta Regulation. In Alberta, payday advances had been permitted at rates all the way to $23 per $100 lent. Continue reading “Pay day loans in Alberta Reviewed. The Cash Advance Business in Alberta”