Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Alberta payday loan consumers will get some money back
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December 22, 2005
Alberta payday loan consumers will get some money back
This could be a precedent setting case for Canadian payday loan industry. Owners of payday loan company, Instaloans, that is no longer in business, must pay close to $6 million to settle with the customers who claim they were ripped off.
We wrote back in September, that Canadian federal government let provinces regulate payday loan business to a much higher extent. This settlement could be the first with more to come.
Posted in Payday Loans at December 22, 2005 03:00 PM
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Bad Credit Advisor online magazine provides daily news about credit, debt and mortgage. We aren't paid to mention specific deals or products. We cover what we think is interesting as industry professionals ourselves.
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