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Podcast: DebtMatters Podcast
Episode: 5 - How to Avoid Payday Loans
Description: The COVID-19 pandemic has thrown millions of Canadians into financial distress. Many have been forced into taking on high interest or payday loans without knowing the consequences. Licensed Insolvency Trustee Matt Fader tackles the subject of payday loans. In this podcast he sheds some light on the following topics:Â How payday loans work and how interest is calculatedThe real cost associated with servicing your debtHow to break the payday loan cycleInstallment loans, consolidation loans, and credit counsellingLicensed Insolvency Trustees can help you take control of your debt. They are considered some of the best financial advisors i...