More Insolvent Borrowers In Ontario Are Using Payday Loans: Study (Huffington Post)

TORONTO — A study by a Toronto-based firm says the rate of insolvent borrowers using payday loans in Ontario has grown for the sixth consecutive year.

Insolvency trustee firm Hoyes Michalos & Associates says 31 per cent of insolvent borrowers used the loans in 2017, up from 27 per cent the year before…

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