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Mobilizing against predatory loan sharks

Mobilizing against predatory loan sharks

“we want a government that knows the financial battles of Canadians, maybe not really federal federal government that thinks that a lot of families profits come in the $120,000 range, as our Prime Minister stated a days that are few.” — James Clancy, NUPGE National President

Ottawa (03 Sept. 2015) — When we think about predatory loan sharks, we often think about cash Mart, the money Store, Instaloans and so on.

What a lot of people do not know is the fact that places like CitiFinancial and lots of banking institutions provide the kind that is same of loans to those who cannot be eligible for lower-interest loans or personal lines of credit.

Therefore, whenever banks reject individuals for loans — even high-interest ones — to aid during a crisis that is unexpected increasing numbers of people are embracing these loan providers, and dropping right into a pit of economic chaos. (mais…)