Alberta cash advance regulations has loan providers beginning to feel pinch

Alberta cash advance regulations has loan providers beginning to feel pinch

‘Without revenue we cannot risk losses, so we need to deny people that have riskier credit ratings’

The garish yellowish storefronts promising fast and effortless cash are beginning to dwindle in Alberta as the cash advance industry claims provincial laws set up a year ago are making its signature product unsustainable.

How many payday shops has fallen to about 195 from some 220 this time around this past year, relating to provider Alberta.

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