The Criminal Code bans rates of interest above 60 % — so just how are payday loan providers legal?

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The Criminal Code bans rates of interest above 60 % — so just how are payday loan providers legal?

Loan providers such as for example cash Mart may charge fees that add up to six times the federal interest limitation

Your vehicle stops working, but it is needed by you for the work. You cannot get a relative credit line as well as your charge card is maxed away.