This post is sponsored by DUCA. All views and viewpoints expressed express my personal.
If there’s one thing We hate, it is organizations whom benefit from individuals who have a problem with their finances. We specially hate organizations who brand themselves as financial solutions organizations when they’re actually just loan sharks attempting to sell loans that are high-interest those who think they will have hardly any other choices. You may also keep in mind my movie out of this summer time once I had been surprised to observe that Money Mart had added “Financial Services” to their signage.
The stark reality is, and even though I’ve never ever been in times where I’ve been refused credit from a old-fashioned loan provider, many individuals are such as for instance brand brand new Canadians and social business owners. Therefore, where do each goes if they have to take a loan out? Where else? Those dodgy cash advance businesses whom could charge up to $15 for borrowing only a $100 for a fortnight (the most price permissible for legal reasons).
This isn’t good enough with all the advancements in financial technology and financial literacy. There are lots of major flaws in the monetary solutions industry that seriously should be addressed.
That’s why I’m teaming up with DUCA Credit Union to advertise their brand new initiative that just launched this month — DUCA Impact Lab. It’s a registered charity which will behave as a hub when it comes to research of approaches to the inequities in today’s system that is financial. Continue reading DUCA Influence Lab: Assisting Canadians Escape the Trap of Overpriced Debt