Payday Loan Debt
Find relief from payday loan debt.
We are sorry to hear that you’ve been caught in the payday loan debt trap. It’s an easy one to fall into and we meet with payday loan debt victims every single day.
Payday loans are short-term loans borrowed from private companies—not banks. It’s very easy to get a payday loan which makes them attractive to someone struggling to make ends meet.
The story usually goes like this:
You are struggling to pay the bills and it feels like you’re out of options. So you apply for a payday loan to help get by until payday. You borrow $1,500 and agree to pay it off with your next paycheque.
But of course, something comes up and you’re not able to come up with the money. And that’s exactly what a payday loan company wants. They make a fortune off the interest they charge you.
Helping you find a way out.
Payday loans are exempt from the 60% interest rate limitation, therefore the annual interest rate on a payday loan is close to 400% or higher if you miss payments. We can help you determine the best option for you to help you out of the payday loan debt trap.
Book a free consultation today!
Advice on Payday Loan Debt
Getting into debt is easy. Getting out is a different story.
But it's still possible!
Did you know there is a Debt Program federally regulated by the Canadian Government, designed to help citizens avoid claiming bankruptcy? This amazing program can only be administered by a Licensed Insolvency Trustee (LIT).
If you’re struggling to make your payments every month and creditors won’t stop calling, we can help.
What our clients are saying.
We are David Sklar
Our team of Licensed Insolvency Trustees in Ontario can help you get out of debt and in control of your own financial future. We’ve helped thousands of people and we can help you too.
We know this is stressful, but you're not alone.
It’s going to be okay.
Book your free consultation today. We’ll do the rest.