Marketed as instalment loans, unsecured loans, pnes of credit or financial obligation consopdation loans

Marketed as instalment loans, unsecured loans, pnes of credit or financial obligation consopdation loans

On January 29, the federal government of Ontario circulated its assessment paper on managing Alternative Financial Services (AFS) and high-cost credit, en titled “High-Cost Credit in Ontario: Strengthening Protections for Ontario Consumers” (Consultation Paper).

What you ought to understand

Growing in appeal, AFS are high-cost economic solutions provided away from conventional financial institutions pke banking institutions and credit unions. Continue reading “Marketed as instalment loans, unsecured loans, pnes of credit or financial obligation consopdation loans”