Newfoundland and Labrador’s Payday Loan Rate to Become Lowest in the Country

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Newfoundland and Labrador’s Payday Loan Rate to Become Lowest in the Country
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The cost of borrowing from a payday lender in the province is set to become the lowest in the country. The pro...

The cost of borrowing from a payday lender in the province is set to become the lowest in the country.

The province announced last week that the payday loan borrowing rate would be decreasing from $21 dollars per $100 dollars loaned to $14 dollars per $100 loaned.The rate is set to come into effect on December 15, 2022.

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