‘Without revenue we cannot risk losses, therefore we need to reject people that have riskier credit ratings’
The garish yellowish storefronts promising fast and cash that is easy just starting to dwindle in Alberta as the cash advance industry claims provincial laws set up last year are making its signature item unsustainable.
How many payday shops has fallen to about 195 from some 220 this time around a year ago, based on provider Alberta.
Money Money says it is paid down how many loans it issues from about 30,000 a month this past year to a selection of 1,500 to 1,800 since it denies all however the minimum dangerous borrowers.