Alberta pay day loan regulations has loan providers needs to feel pinch

Alberta pay day loan regulations has loan providers needs to feel pinch

‘Without revenue we can not risk losses, so we need to deny people that have riskier fico scores’

The garish yellowish storefronts promising fast and cash that is easy needs to dwindle in Alberta as the pay day loan industry claims provincial laws set up just last year are making its signature item unsustainable.

The sheer number of payday shops has fallen to about 195 from some 220 this time around a year ago, based on provider Alberta. Read more