Payday loans: An expensive way to borrow

This Government of Canada web page includes these topics: 

  • What is a payday loan?
  • What to expect when you take out a payday loan
  • How much payday loans cost
  • What happens if you can’t pay back a payday loan on time?
  • Options to consider before getting a payday loan
  • What to ask a payday lender
  • Payday lending rules where you live