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Canadians show increased interest in high-interest car title loans amid recession

Canadians show increased interest in high-interest car title loans amid recession

There are better options when bills can’t be met, Betz said, and they should start with seeking help from an organization such as his which offers free credit counselling advice

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CALGARY – If internet search trends are a window into the minds of consumers, then a recent report suggests that a growing number of Canadians are considering some ill-advised financial options, observers say.

The Boston-based marketing firm that studies internet search trends said Canadian searches for payday loans, meanwhile, fell by 43 per cent to 22,900 from 39,700 during the same period, which was https://paydayloanalabama.com/owens-cross-roads/ marked by millions of people losing their jobs as non-essential stores and industries were forced to close in an effort to contain the spread of the COVID-19 virus.

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