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Latest Blog Post

By Laurie Campbell
Posted on Tuesday, March 3, 2015

Just when you think you’ve put greed on the run in Canada, another kind of company surfaces with predatory financial practices.

Let’s set aside how agencies like my own have lobbied the government to successfully reign in “debt settlement” and “payday loan” practices that bring grief to borrowers. Instead, let’s turn to another challenge facing fair-minded professionals within Canada’s debt services industry. It involves a new breed of lender providing what are called “instalment loans.”  Many instalment loans appear to provide a quick solution to problem debt through debt...