Has the size of your payday debt spiraled out of control? You're not alone. The interest on payday loans is outrageous and adds up quickly. A $100 payday loan can turn into a $150 payday loan debt in less than a month.
Because they’re so easy to get. Credit checks are rarely required and you get your money quickly. In the moment, most people don’t consider the price of that convenience because the pressure of having money for rent and groceries is more pressing. But in the end, payday loans wind up costing much more than they’re worth.
In that case, a Doyle Salewski Licensed Insolvency Trustee will reduce the amount you owe by filing a consumer proposal on your behalf and negotiating a new payback structure. Alternatively, we can help you file for bankruptcy and discharge the loan completely.
If you sought help from payday loans in the first place, you may need some help with financial planning and budgeting. As part of our free initial consultation, we’ll look into why you’re regularly short on funds and start building a plan to help you spend better.
Because we've been helping thousands of Canadians out of it since 1996. We’ve gone head-to-head with some of the toughest payday loan lenders and come out on top.