Payday Loan Fees Going Up

If you want a payday loan, be prepared to pay higher fees,
astronomically higher, according to a public watchdog group.
The Province is now allowing payday loan companies to charge a
maximum of $21 for every $100 borrowed.
But the Ottawa-based Public Interest Advocacy Centre argues that does more to protect the payday loan companies than consumers.
The group says some Ontarians could wind up in a vicious circle of constantly having to borrow from these companies.