Therefore, seniors have actually the amount that is highest owing on pay day loans.

Therefore, seniors have actually the amount that is highest owing on pay day loans.

Doug Hoyes: And you’re right, that’s scary cause if you’re a senior, so we define seniors as individuals 60 years and over, so an important percentage of these folks are resigned, in reality 62% of this individuals are retired.

Ted Michalos: That’s right; they’re pensioners on fixed earnings. So, they’re never likely to have that 3rd paycheque that a great deal of this middle-income group people rely on to repay their pay day loans. Continue reading “Therefore, seniors have actually the amount that is highest owing on pay day loans.”