What The Heck is a Faxless Payday Loan?

What The Heck is a Faxless Payday Loan?

Have you ever heard of a “faxless payday loan”? Many people haven’t. Sure, you’re probably familiar with a “payday loan” or at least heard of it, but how does it differ from a faxless payday loan? Or are they the same? In order to answer… Read More


Payday Loans in Ontario, Debtors Can’t Seem to Break The Cycle

Payday Loans in Ontario, Debtors Can’t Seem to Break The Cycle

Depside the government of Ontario’s interference, payday loans in the province don’t seem to be going anywhere. At the beginning of 2017, the Ontario government took measures to reduce the amount payday lenders were able to charge their borrowers per $100, from $21 down to $18. And now in… Read More


How to Get a Short-Term Flex Loan in Canada

How to Get a Short-Term Flex Loan in Canada

When it comes to choosing a lender and a loan, we can almost guarantee that most Canadians want flexibility. Flexibility in the lenders, types of loan products, payment schedules, and interest rates they have to choose from. While most loans are “one size fits all”, we’re definitely seeing more and… Read More


Online Payday Loans in Canada

Online Payday Loans in Canada

Thanks to government intervention and the creation of more strict and serious laws and regulations, over the last decade, payday loans in Canada have become less prevalent, but this doesn’t mean they aren’t still wreaking havoc on the financial stability of hundreds of thousands of Canadians every year. If you’re… Read More


Debt Relief for Payday Loans

Debt Relief for Payday Loans

The controversy over the use of payday loans seems like a never-ending one, just as the cycle of debt can be when a borrower becomes financially desperate enough to fall into the payday loan trap. Every day, all across Canada, people let themselves… Read More


Debt Relief for Predatory Loans

Debt Relief for Predatory Loans

Predatory lending practices are everywhere and can affect all consumers, no matter who you are or what your financial situation is. Predatory lenders are just that, predatory. They prey upon anyone and everyone looking for a loan. Their specialty is, of course, those is desperate financial situations, but it’s important… Read More


FCAC Releases Consumer Report on Payday Loans | October 2016

FCAC Releases Consumer Report on Payday Loans | October 2016

The following information, statistics, and quotes are all accredited to the Financial Consumer Agency of Canada’s report, Payday Loans: Market Trends. Tuesday, October 25, 2016, the Financial Consumer Agency of Canada released a report detailing its finding on the state of payday lending and borrowing in Canada. In their report,… Read More


Payday Loan Changes in Alberta

Payday Loan Changes in Alberta

Changes in the payday loan industry are coming to Alberta if Bill 15 is passed. Similar to the issues that the province of Ontario is currently addressing with Bill 156, Bill 15 aims to better regulate payday lenders and their lending practices. Currently, payday loans are peddled as short term… Read More


Payday Loan Changes in Ontario

Payday Loan Changes in Ontario

The payday loan industry in Canada has been forced into the spotlight over the last year. Once a topic that was rarely discussed, it’s now making headlines in every major Canadian newspaper. In particular, the province of Ontario has taken up issue with the interest rates, terms and overall lending… Read More


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