1.877.891.9168

Payday loans – The most expensive credit product on the market

payday loanThis Globe and Mail article highlights the high cost of payday loans and that there are many alternatives to Payday loans. http://www.theglobeandmail.com/report-on-business/payday-loans-what-are-the-alternatives/article24463099

Prudent is an excellent example – let’ compare

  • A $1000 payday loan with a $210 bi-weekly fee that has been extended for 1 month = a total repayment of $1,420.00
  • A $1000 Prudent loan over 12 months bears a monthly payment of approx. $110 per/mo. – If paid off in 1 month and before the first payment comes due = a total repayment is $1120.00

Which is cheaper?

For more information about payday loans vs Prudent loans check out our comparison table at https://www.prudentfinancial.net/credit-sense/say-no-to-pay-day-loans/

facebooktwittergoogle_plusredditpinterestlinkedinmailfacebooktwittergoogle_plusredditpinterestlinkedinmail

Comments are closed.

Prudent Financial Services

Business Hours

Monday to Friday
9am - 5pm

Saturday
9am - 1pm

Sunday
CLOSED

Serving the GTA since 1984

Toronto
Etobicoke
Scarborough
Mississauga
North York
Brampton
Ajax
Barrie