You can’t watch television anymore without seeing multiple commercials for payday loan companies. They are as bright and jingly as fast food commercials. To hear the commercial personality speak, a payday loan is just another tool in your financial toolkit.
The effects of addictions are not isolated. Whether it is an addiction to cigarettes, coffee, or alcohol, the financial impact alone can be detrimental.
According to an MNP Debt survey, “fifty-eight percent of Albertans say they are now living within $200 a month of being unable to pay their bills and debt payments each month.”