This post is sponsored by DUCA. All views and viewpoints expressed express my personal.
If thereвЂ™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 вЂњFinancial ServicesвЂќ to their signage.
The stark reality is, and even though IвЂ™ve never ever been in times where IвЂ™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 isnвЂ™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.
ThatвЂ™s why IвЂ™m teaming up with DUCA Credit Union to advertise their brand new initiative that just launched this month вЂ” DUCA Impact Lab. ItвЂ™s a registered charity which will behave as a hub when it comes to research of approaches to the inequities in todayвЂ™s system that is financial. Continue reading DUCA Influence Lab: Assisting Canadians Escape the Trap of Overpriced Debt