Rapid loans at up to 47% interest ‘one notch short of loan-shark stuff,’ says debt counsellor
Cost of Living9:05Why instalment loans are the riskiest bet in finance Jolene Chateauneuf was just trying to avoid getting evicted. It was 2021, and she was short $1,500 for the rent on her apartment in Princeton, B.C., where she was living at the time. So she took out a rapid loan from a payday-style lender…