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New means lower fees for payday loans in Ontario year

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Beginning Jan. 1, price of pay day loans lowered to $15 for every single $100 lent

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

Beginning Jan. 1, the utmost expense to just simply simply take a payday loan out in Ontario had been lowered to $15 for almost any $100 lent.

The price happens to be decreasing in the last years that are few. In 2017 it had been brought right down to $18 from $21 for virtually any $100 lent. Continue reading

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