Payday loans: FC5-45/2016E-PDF

market trends.

"Payday loans are an expensive way for consumers to borrow money. The use of these short-term, high-cost loans has more than doubled in Canada recently to four percent of Canadian households. The Financial Consumer Agency of Canada (FCAC) has been tasked with raising public awareness about the costs of, and alternatives to, payday loans. FCAC conducted a national survey of 1,500 Canadian payday loan users to inform the Agency’s approach to educating consumers. This report presents the survey’s findings and FCAC’s planned actions to foster consumer understanding of (1) payday loan costs, (2) skills and resources to reduce the need to access payday loans and (3) resources for paying down debts and exiting a debt cycle"--Purpose, p. 1.

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http://publications.gc.ca/pub?id=9.833981&sl=0
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Department/Agency Financial Consumer Agency of Canada.
Title Payday loans
Subtitle market trends.
Publication Type Monograph
Language [English]
Other Language Editions [French]
Format Electronic
Electronic Document

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Note Issued also in French under title: Prêts sur salaire : tendances du marché. Cover title. "October 25, 2016."
Date 2016.
Number of Pages iii, 15 p. :
Catalogue Number
  • FC5-45/2016E-PDF
Subject Terms Loans, Salaries