Vancouver, B.C. вЂ“ A poll released today by Vancity shows 67 percent of pay day loan users when you look at the Lower Mainland and better Victoria are borrowing many times a 12 months.
The credit union poll, that has been carried out by Insights West, suggests 35 percent took down an online payday loan when an or more month. Having a unexpected expense they didnвЂ™t anticipate (38 %) and getting behind on bills (37 percent) would be the major causes why borrowers stated they utilized payday advances. Another 22 percent stated it had been because that they had a financial obligation which was due. (more…)