Students will be able to: Explain what a payday loan is and how …
Students will be able to: Explain what a payday loan is and how it can cause users to fall into a cycle of debt, Identify what financial need payday lenders are meeting and why consumers use payday loans, Compare the price of borrowing money using various loan and credit products, Review alternatives to payday loans, Interact with a game to see the impact and cost of payday loans at high interest rates (and the profit motivation behind these companies) https://shadysam.com/
Information from Financial Consumer Agency of Canada about payday loans: What is …
Information from Financial Consumer Agency of Canada about payday loans: What is a payday loan, What options to consider before getting a payday loan, Where to get a payday loan, How much a payday loan costs, What to expect when you take out a payday loan, What happens if you can’t pay back a payday loan on time, What you can do if you’re stuck in a debt cycle
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