Hamilton, Ont. woman ‘deeply regrets’ taking loan that is payday interest of 47 percent

Hamilton, Ont. woman ‘deeply regrets’ taking loan that is payday interest of 47 percent

Pat Foran Customer Alert Videojournalist, CTV Information Toronto

TORONTO — A Hamilton, Ont. girl states she ended up being having financial hardships whenever she received the opportunity to combine her debts with that loan from a quick payday loan business.

“i obtained an offer from a payday lender and chose to make the most of it and today we profoundly regret it,” Kathleen Kennedy told CTV Information Toronto.

Kennedy stated that she took out of the nearly $4,300 loan a year . 5 ago. Also though she’s been spending $252 each month, she nevertheless has so much more left to repay and due to the pandemic she claims she will not any longer continue steadily to make her repayments. Continue reading “Hamilton, Ont. woman ‘deeply regrets’ taking loan that is payday interest of 47 percent”