Posted on Tuesday, November 12, 2013 at 4:00 am CST
Payday loans often have a bad reputation in financial circles due to the fees attached to their services. However, the common response from payday loan representatives is their rates are cheaper than the bounced check fees of banks. According to a recent survey, consumers stated they utilize payday loans because they feel banks aren't interested in the small dollar loan customer. With this in mind, Which Way to Pay Canada spokesperson Mark Maffia says his website offers an online independent review of payday loans for consumers to compare the various payday loan options in the area.
Source: Which Way To Pay Canada