Here is a very funny bit from “Last Week Tonight with John Oliver” on HBO regarding the predatory lending practices of payday loan companies. It is very sad, but true. It is well worth watching this video because among the humour, are some very good lessons as to why not to get involved with payday loan companies and their related very high cost of lending.
Thank you for reading our Brandon's Blog. Check out our AI insolvency bot on this page and don't forget to subscribe!
Although it applies to the US payday loan industry, it is equally applicable to Payday Loans Toronto No Credit Check also. We also have written other blogs on the dangers of the Payday Loan Industry, including:
- CANADIAN PAYDAY LOANS NO CREDIT CHECK: TOO GOOD TO BE TRUE!
- THE CASH STORE ONTARIO: THIS PAYDAY LOAN OUTFIT NEEDED HELP AND CALLED A TRUSTEE!
- PAYDAY LOANS: ONTARIO CRACKS DOWN ON THE CASH STORE
- PAYDAY LOAN COMPANIES TARGETING YOU WITH MOBILE APPS!PAYDAY LOANS ARE NOT THE
- ANSWER TO YOUR FINANCIAL PROBLEMS
- SMALL BUSINESS LOANS CANADA BAD CREDIT: NEED IT?
- NO CREDIT CHECK LOAN: FOR CANADA DAY?
And now, click on the video to listen to this very funny bit by John Oliver.
Instead of perpetuating the cycle of debt, we encourage you to see a professional trustee. Contact Ira Smith Trustee & Receiver Inc. for a no fee, no obligation appointment. We’re a full service insolvency and financial restructuring practice serving companies and individuals throughout the Greater Toronto Area (GTA) facing financial crisis or bankruptcy that need a plan for Starting Over, Starting Now. It’s time to end the cycle of debt. Say NO to payday loan companies. Say YES to a solid financial plan for moving forward to a debt free life.
