ONLINE PAYDAY LOANS TORONTO: GOOGLE FINALLY REALIZES ITS HUGE MISTAKE!

Online payday loans Toronto – What was Google’s mistake?

A company with huge global influence has banned ads for online payday loans Toronto. Google has taken this bold step. For the first time has announced a global ban on ads for a category of financial products. We have discussed payday loan companies in several previous blogs. We have said they are vultures that prey on the poor and vulnerable who feel that they have no other option.

Thank you for reading our Brandon's Blog. Check out our AI insolvency bot on this page and don't forget to subscribe!

• Payday Loan Companies: Are You Into Pawn?
• Payday Loan Companies – Update
• Payday Loan Companies: There are Options
• 10 Ways a Payday Loan Charges Illegal Interest
• Bad Credit Loans Toronto: Legit Companies Don’t Guarantee Them
• Bad Credit Loans Online Attack the Already Vulnerable
• Payday Loan Companies Targeting You With Mobile Apps!
• Canadian Payday Loans No Credit Check: Too Good To Be True!
• Payday Loans: Ontario Cracks Down on the Cash Store
• Payday Loans are Not the Answer to Your Financial Problems

Does online payday loans Toronto borrowing make sense?

Borrowing from physical location and online payday loans Toronto companies adds more debt. Adding new debt to existing debt does not help you. It only helps the payday loan companies laugh all the way to the bank. These companies should be illegal. Instead, they’re operating out in the open and bombarding us with ads on TV, in print and online. For someone deep in debt payday loan companies first seems like a lifeline. But instead of a lifeline, they’re more like a noose from which there is no escape.

What do other experts say about online payday loans Toronto?

I can only hope that other companies will follow Google’s example. Shutting out payday loan companies from advertising will actually help the vulnerable. ACORN is an anti-poverty group in Canada. They are campaigning against predatory lending and are celebrating this move by Google.

“Sometimes I think people go to these places just out of desperation so quickly that they don’t even think about it and doing it online makes it even easier for people,” said spokeswoman Donna Borden. “A lot of people that we talk to say, ‘I should have waited and thought it out’.” Jeffrey Schwartz, executive director, Consolidated Credit Counseling Services of Canada says, “Payday loans can create a harmful cycle of debt especially for those who are the most vulnerable in society. This decision will help to protect susceptible consumers online.”

What about other high interest loans other than online payday loans

A further Google U.S. ban on ads for loans with an annual interest rate of 36% or higher does not now apply in Canada. These high-interest instalment loan products are for the most part unregulated. Why isn’t our government protecting Canadians from payday loan companies? In the meantime congratulations to Google. Stepping up to the plate and banning ads from predators is a huge step in the right direction.

What to do if you fell prey to the seductive online payday loans Toronto companies and now have too much debt?

If you’re in deep financial difficulties and are looking for a way out, there is help for you. But not from payday loan companies. You need help from experts in debt – professional trustees.

We are:

1. regulated by the Canadian government, as are our fees;
2. licensed and have undergone a background check by the RCMP;
3. subject to a stringent code of ethics; and
4. required to maintain our competency by completing ongoing mandatory professional development each year.

Are you an individual or company who feels your situation is hopeless? Ira Smith Trustee & Receiver Inc. can prepare and put in place the plan MADE JUST FOR YOU. The plan will free you from the burden of your financial challenges. With our help, you will go on to live a productive, stress-free, financially sound life.

Contact Ira Smith Trustee & Receiver Inc. today. Starting Over, Starting Now you can free yourself from debt.