Payday Loans – but now Laid-off!…
We are hearing from many that they are not able to deal with their debts, especially high-interest payday lenders.
The lay-offs brought about by mandatory closure of “non-essential businesses” in Ontario, due to Covid-19, have made it nearly impossible to make payment toward payday loans (and other debt as well).
The focus, during this crisis, should be to stay healthy and to ensure that you have a roof over your head, and food on your plate.
Payday loans ARE dischargeable in a bankruptcy and in a consumer proposal. Most other unsecured debts are dischargeable too (such as credit cards, charge cards, and even tax debt).
Stay healthy. We are here to help.
About The Author
Jacques Rusinek
Dr Jacques (Jojo) Rusinek successfully challenged the National Insolvency Exams in 1998 and was licensed as a trustee in bankruptcy (now known as Licensed Insolvency Trustee) in 1999. Prior to becoming a bankruptcy trustee, he practiced in the health care field where he helped people to become pain-free. Now he helps people to become debt-free.
