Home В» Blog В» Can I File Bankruptcy for payday advances in Canada?
You may be astonished to hear that 4 in 10 bankruptcies include payday loans. For most people, pay day loans aren’t an one-time borrowing choice. You might begin thinking I’ll just sign up for one loan, thus I will pay the rent, purchase food or produce a bill payment, nevertheless the issue is trying to repay the payday loan provider the mortgage, plus such high interest, actually leaves you brief cash once again in your next pay. This is exactly why people usually see a payday that is second to settle the initial. (more…)