Dijkema: Banning loan that is payday isn’t the perfect solution is
Mayor Jim Watson worries in regards to a вЂњglutвЂќ of pay day loan stores in Ottawa, and desires to split straight down from the true wide range of outlets into the town. Coun. Mathieu Fleury shows these supposedly short-term loans placed susceptible people in вЂњeven tougher financial circumstances.вЂќ There is cause to be worried. Research by the think-tank Cardus has unearthed that payday financing is correlated with physical physical physical violence, home criminal activity, increased need of social support and increased untimely mortality.
That is not saying that cash advance shops would be the reason for these issues. Continue reading
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