Two-Thirds of Payday Loan customers Trapped in pattern of financial obligation

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Vancity among the first to supply loan alternative that is payday

Vancouver, BC – A poll released today by Vancity shows 67 percent of cash advance users when you look at the Lower Mainland and better Victoria are borrowing several times a 12 months.

The credit union poll, that has been carried out by Insights West, suggests 35 % took down a payday loan when an or more month.

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