Q&A with Linda Morris from Vancity on the new payday loan usage report
The report revealed that in the past couple
of years, the number of people in BC with over 15 payday loans has risen by a staggering
600%. That’s incredible. And what it really shows is that is a need
for people to have these small loans that help them through emergency situations that
really take them out of the cycle of debt. And that’s what we’re trying to do at Vancity.
Because there is a need.