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.

Permanent link to this Catalogue Record: What is a permanent link?
MARC XML Format   MARC HTML Format

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

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact the authoring department to request a format other than those available.

We invite you to consult the Frequently Asked Questions page for additional information regarding the Archived Content notice.

Having trouble opening this document?

Note: The URLs contained in this/these document(s) may no longer be functional
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