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Globe Investor is part of The Globe and Mail's Report on Selected data supplied by Thomson Reuters.
Loan terms usually run from 5-15 years.
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We looked at third-party vendors, but nothing suited the way we look at our business, so we decided to get our hands dirty and build it ourselves," she says.
The owner of Loan Express tells ProPublica that his company waited to sue because the borrowers wages were already being garnished by another creditor, and that he gave her multiple opportunities to avoid being sued.
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There are many ways to get a payday loan: you can either turn to financial institutions, collect a number of documents proving you are able to repay the loan on time or you can find lenders online.