Instalment loans the new high-interest danger for consumers

[rwana]

http://i.cbc.ca/1.2974958.1425034006!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/instalment-loans-marketplace.jpg The second fastest growing type of debt in Canada is a high-interest, subprime, unsecured, short-term loan called an instalment loan. Marketed to people with bad debts and poor credit, instalment loans carry interest rates as high as 59 per cent. But the true cost can be much higher.


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