Payday lenders

Payday Loans: Market Trends

1. Objective Borrowing money in the form of a payday loan is expensive for consumers. The use of these short-term and high-cost loans has more than doubled in Canada recently to reach 4% of Canadian households Footnote 1. The Financial Consumer Agency of Canada (FCAC) has been responsible for raising awareness of the costs of […]

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Payday lenders

Loan for Pensioners

Pensioners and retirees are also looking for a loan. Age and income, however, play an important role in this. Some banks are already rejecting a loan request from the mid 50s. Others, however, also lend to over 60 year olds. Retirees, however, have better prospects, because who buys a pension, was employed in the civil […]

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