High borrowing costs of payday loans can lead to a cycle of debt and financial ruin. Best to avoid them, but get help if youre trapped.
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Q: About seven or eight months ago I was short on rent money again. I got a payday loan so that the kids and I didnt get evicted. I managed to pay it back but then had to get another one. This started a cycle of getting more and more loans, but when my car broke down that was the final straw. My credit cards have been maxed out for months and the payday loan places have cu…
Read the full article at: https://theprovince.com/opinion/columnists/how-to-regain-control-when-trapped-by-payday-loan-debt