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Payday lenders squeezed by new regulations The Globe and Mail.
The typical payday-loan customer often has no other option, according to a report from the Financial Consumer Agency of Canada, Ottawa's' independent consumer-protection watchdog. Payday-loan customers deal with the anvil of bad credit. Only one-third have access to a credit card, and only one out of eight have a bank line of credit, according to the October, 2016, report. The agency declared payday loans an" expensive way to borrow money, but also highlighted their increased use rising to about 1 in 25 Canadians in 2014, from 1 in 50 in 2009. Industry data show similar results. There were 4.47 million payday loans worth 2.19-billion in 2014, among members of the Canadian Consumer Finance Association formerly the Canadian Payday Loan Association. Those numbers compare with 2.53 million payday loans worth 1.21-billion in 2010.
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Payday loan for up to 1500 with NO COLLATERAL REQUIRED! Do you need a fast loan and reside in Canada? Is your credit history in bad shape? Are you short of cash? Call now if you need money, a payday advance, payroll loan or cash advance. We can provide you a payday cash advance loan for up to 1500 with NO COLLATERAL REQUIRED! If you need money NOW, our short term loan service will provide you with a payday loan for up to 15 DAYS! Our quick cash loan program is quick and convenient. Even if your previous credit history is not perfect, Get My Pay Today strives to provide every customer with a short term cash loan that is suitable for your budget. Getting a payday loan or a cash advance has never been easier! There are no forms to fax in or credit checks! Simply fill out our fast online payday loan application. Get my pay today helps Canadians with emergency and short term financial needs. Fast, same day, no hassle, no fuss online payday loans on our internet website.
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To qualify for a loan minimum requirements and conditions must be met which vary by location. Online loans are currently available to residents of Canada in all provinces except Quebec. Payday loans are only available in Ontario through lending lending license 4738993.
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After you have borrowed once, a payday loan becomes even quicker to obtain. Also, as you continue to borrow from Focus Financial Corp. you build up your credit history which results in credit limit increases and faster service. There really is nothing faster or more convenient than online payday loans in Canada.
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