Brand brand brand New 12 months means reduced charges for payday advances in Ontario

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Starting Jan. 1, price of pay day loans lowered to $15 for each $100 lent

The Ontario federal federal government has lowered the expense of borrowing from payday loan providers and contains offered municipalities more control over where loan providers can put up store.

Starting Jan. 1, the utmost expense to simply just take a payday loan out in Ontario ended up being lowered to $15 for each $100 lent.

The price happens to be decreasing in the last couple of years. Continue reading