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Tips and Guides

Predatory Lending in Canada: What to Watch Out for and How to Protect Yourself

Tough times can put a real squeeze on your wallet. As money gets tight, many Canadians look for a helping hand. Unfortunately, some lenders take advantage. This creates more problems for individuals already stuck in a bad situation. Predatory lending is happening more and more in Canada, especially affecting people with bad credit, low incomes, or who aren't financial experts. They get trapped in never-ending debt. It's estimated that 27% of Canadians are taking on debts for monthly needs. This...