Therefore, seniors have actually the amount that is highest owing on pay day loans.

Therefore, seniors have actually the amount that is highest owing on pay day loans.

Doug Hoyes: And you’re right, that is scary cause we define seniors as people 60 years and over, so a significant proportion of those people are retired, in fact 62% of the people are retired if you’re a senior, and.

Ted Michalos: That’s right; they’re pensioners on fixed earnings. So, they’re never ever likely to get that 3rd paycheque that a great deal associated with middle income people rely on to repay their pay day loans. Continue reading “Therefore, seniors have actually the amount that is highest owing on pay day loans.”