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‘You feel ashamed’: Despite tighter guidelines, struggling British Columbians still embrace payday loans

‘You feel ashamed’: Despite tighter guidelines, struggling British Columbians still embrace payday loans

Industry claims loans prov

Downtown Eastside poverty advocate Elli Taylor has seen many people that are desperate with payday advances.

She is been see your face herself.

In 2014, while being employed as a convenience that is part-time clerk in Williams Lake, Taylor took away exactly exactly exactly what she thought could be a workable $250 loan to get a coach pass and Christmas time gifts on her behalf 14-year-old twins.

Her take-home pay ended up being about $250 every a couple of weeks, but instalment that is monthly of $50 became a challenge because of the then-legal price of $20 interest and charges for each and every $100 loaned.