Hamilton, Ont. woman ‘deeply regrets’ taking loan that is payday interest of 47 %

Hamilton, Ont. woman ‘deeply regrets’ taking loan that is payday interest of 47 %

Pat Foran Consumer Alert Videojournalist, CTV Information Toronto

TORONTO — A Hamilton, Ont. girl states she had been having financial hardships when she received an opportunity to combine a loan to her debts from an online payday loan business.

“i obtained an offer from a loan that is payday and made a decision to benefit from it and from now on we profoundly regret it,” Kathleen Kennedy told CTV Information Toronto.

Kennedy stated that she took out of the almost $4,300 loan a 12 months . 5 ago. Also though she’s been having to pay $252 per month, she continues to have more left to repay and because of the pandemic she states she can no further continue steadily to make her repayments. Continue reading “Hamilton, Ont. woman ‘deeply regrets’ taking loan that is payday interest of 47 %”