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Author Archives: Alexander Alvi
Toronto payday loans are under new government scrutiny
According a report by the CBC, payday lenders in Ontario are under increased scrutiny by the government for using a loophole to escape the maximum fees set under the recent payday loan legislation. Although the legislation sets a maximum of … Continue reading
Posted in Ontario payday loans
Tagged legislation, Ontario payday loans, payday loans
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Annual Percentage Rate (APR)
One thing that most provinces have in common is the requirement to post the interest rate for payday loans in a standardized form so that the consumer can compare different lenders’ products. The most common measure is Annual Percentage Rate, … Continue reading
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First blog post!
This is the first blog post of hopefully many to come. In this column, we will discuss issues related to payday loans and personal finance. Expect to get a ton of useful information on things like bankruptcy, debt management, budgeting, … Continue reading