from CLEO/Steps to Justice:
Steps to Justice has an update on their Debt and Consumer Rights resource to help understand payday loans. A payday loan allows you to quickly borrow cash that you promise to repay when you get your next paycheque or other regular income payment.
The Steps to Justice can walk you through to better understand your options, such as:
- Understand the risks of a payday loan
- Understand the cost of borrowing
- Talk to a creditor
- Try to get a loan from a bank or credit union
Learn more about payday loans here: What should I know before getting a payday loan?
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