Sentences with phrase «use of payday loans among»
Lowering the cost of payday loans in Ontario recently may have made this form of borrowing marginally cheaper, however the increased use of payday loans among indebted consumers makes payday loans a leading contributor to consumer insolvencies in Ontario.
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Doug H: So, to summarize what you said the use of payday loans among people already in debt is increasing, they owe more in payday loans than what they make in a month, a lot more and they're taking out larger loans than they were before.
Not exact matches
More specifically, among payday loan users: 39 % considered using their credit card; 32 % explored a line of credit; 20 % considered a bank overdraft.