The truth about long-term loans
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The truth about long-term loans
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Money Mart, Cash Money, Easyfinancial and Fairstone Financial offer thousands of dollars in long-term loans at high interest rates. With the cost of borrowing at historic lows, this Marketplace investigation digs into how these alternative lenders are able to charge between 30 and 50 per cent interest. What is the real cost of borrowing thousands of dollars, and what are the debt traps to avoid? Original air date: January 22, 2021.
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