Home В» Blog В» Can I File Bankruptcy for payday advances in Canada?
You may be amazed to hear that 4 in 10 bankruptcies involve payday advances. For most people, payday advances aren’t a borrowing option that is one-time. You could start off thinking I’ll just take out one loan, and so I pays the rent, purchase food or produce a bill repayment, but the issue is trying to repay the payday loan provider the mortgage, plus such high interest, departs you brief cash once more in your next pay. That is why many individuals frequently go to a 2nd payday loan provider to settle the initial.