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Canadian man's $4500 payday loan balance barely changed after 5 years of payment
| Lilac beta pit | 05/28/26 |
| Marvelous sapphire elastic band sneaky criminal | 05/28/26 |
| Electric Henna Trump Supporter | 05/28/26 |
| spectacular pearl address | 05/28/26 |
| spectacular pearl address | 05/28/26 |
| Sadistic unholy water buffalo | 05/28/26 |
| Marvelous sapphire elastic band sneaky criminal | 05/28/26 |
| exciting liquid oxygen cruise ship | 05/28/26 |
| Lilac beta pit | 05/28/26 |
| Sickened gold locus useless brakes | 05/28/26 |
Poast new message in this thread
Date: May 28th, 2026 8:28 AM Author: Lilac beta pit https://www.ctvnews.ca/toronto/consumer-alert/article/no-possible-way-to-pay-this-an-ontario-man-has-been-repaying-a-4500-loan-for-the-past-5-years-its-barely-made-a-dent/
He explained to CTV News that he needed to get a wheelchair and make modifications to his home, which was why he took out a $4,500 loan, which he was paying back at about $200 per month.
O’Halloran said he did refinance his loan once but was shocked to find out three-quarters of his payment was going towards interest, and he still owes $3,697.
In O’Halloran’s case, of the $196 paid each month, $147 of his payment is applied towards the interest, and only $50 is paid into the principal balance of the loan.
The criminal rate of interest that could be charged before Jan. 1, 2025, was almost 48 per cent. It’s now capped at 35 per cent interest. However, for those who had existing loans before the changes were made, they are still paying the higher amount. |
Date: May 28th, 2026 8:52 AM Author: Marvelous sapphire elastic band sneaky criminal Classic blunder, he should have sold some of his bonds instead of taking out a loan (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904860) |
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Date: May 28th, 2026 8:55 AM Author: Electric Henna Trump Supporter Do wheelchairs cost more than $100 in Canada? (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904861) |
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Date: May 28th, 2026 8:56 AM Author: spectacular pearl address yes? (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904863) |
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Date: May 28th, 2026 8:55 AM Author: spectacular pearl address A Jew did that. A Jew or an Indian. A black would never do that to you. (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904862) |
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Date: May 28th, 2026 8:57 AM Author: Sadistic unholy water buffalo A black would just rob you and stomp your skull into the pavement (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904866) |
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Date: May 28th, 2026 9:23 AM Author: Marvelous sapphire elastic band sneaky criminal The correct answer is C, a black would never do that to you, because a black would never have $4,500 starting capital to lend in the first instance (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904882) |
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Date: May 28th, 2026 8:58 AM Author: exciting liquid oxygen cruise ship It sounds like he didn't pay back the payday loan on his payday. Wtf did he expect (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904869) |
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Date: May 28th, 2026 9:01 AM Author: Lilac beta pit "No, you can't force us to lower it from 48%! We have a contract!" he hissed (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904872) |
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Date: May 28th, 2026 9:02 AM Author: Sickened gold locus useless brakes THANK GOD I'M A POWERGOY (http://www.autoadmit.com/thread.php?thread_id=5869588&forum_id=2)#49904873) |