The Vultures Are Circling: COVID-19 & High Interest Loans - Debt Free In 30 - A Personal FinancePodcast - Ep. 295. With COVID-19 throwing more and more Canadians into a precarious income situation, high interest lenders are seizing this chance to market their services to those in need of fast cash. Not knowing their options, desperate borrowers take the bait and get sucked into a never-ending cycle of debt servitude. On today's podcast, Doug Hoyes and Ted Michalos explain what alternative lenders are doing to present themselves as being helpful to borrowers; and what borrowers can do to make ends meet without resorting to high interest loans. Doug and Ted also talk about what happens to unsecured debt levels and personal insolvency rates in a recession, with lots of charts and data presented throughout the show, so tune in!
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#COVID19 #HighInterestLoans #Loans #Debt #DebtFreeIn30
The Vultures Are Circling: COVID-19 & High Interest Loans
Теги
COVID-19high interest loanshigh interest lendersinterestdebthigh interest debtvultures are circlingprecarious income situationpayday loanspayday lendershigh interest line of creditdesperate borrowersdebt servitudeunsecured debtpersonal insolvency ratesalternative lenderson-going financial impacts from COVID-19on-going financial impacts from coronaviruscoronavirusresorting to high interest loansrecessiondebt climbdebt-to-income ratio