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How to Protect Your Consumer Rights as A Payday Loan Borrower

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Friday, 30 April 2010 00:00

Payday loans are usually criticised for charging high interest rates and for preying on consumers who are having financial difficulties. To protect your consumer rights, it is advisable to be aware of the laws governing payday loans and the companies offering them.

 

Credit Counselling Canada What Who Why

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Wednesday, 14 April 2010 00:00

Credit Counselling Canada (CCC) is a not-for-profit organisation that can offer advice to Canadians regarding their debt problems, including the use of payday loans. CCC was organised in 2000 and is managed by a group of volunteer directors.

   

Canadian Payday Loan Association What Who Why

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Wednesday, 07 April 2010 00:00

The Canadian Payday Loan Association (CPLA) was previously known as the Canadian Association of Community Financial Service Providers and was created in early 2004 for the payday lending industry. The CPLA has 22 member companies that operate 532 outlets in Canada. While serving as an industry organisation, the CPLA is unique in its call for regulation that protects borrowers while ensuring a viable industry.

   

Canadian Organizations that Protect Payday Loan Borrowers' Rights

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Wednesday, 31 March 2010 00:00

Payday loan companies have been previously unregulated until only recently. Thus, there have been several complaints about the predatory practices of some companies, and some organisations have taken the responsibility of protecting the rights of payday loan borrowers. Here are some of these organisations.

   

Canadian Laws for Payday Loans

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Wednesday, 17 March 2010 00:00

Several provinces of Canada have started to regulate the payday loan industry in response to the federal legislation that transferred the jurisdictional responsibility for the control and licensing of payday loan companies to the territorial governments. Let us look into some of the details of the legislation in the provinces of British Columbia, Ontario, and Nova Scotia.

   

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