Displaying items by tag: budget

Sunday, 15 August 2021 14:42

WHEN LIFE THROWS YOU A FINANCIAL CURVEBALL

More than three years ago Affinity Credit Union officially launched the Restart Loan – a unique, made-in-Saskatchewan lending product that has both social and financial benefits.

Traditional payday loans often attract clientele with interest rates that appear affordable – for example 17% over a two-week period. When calculated on an annual basis, however, the interest rate can become a staggering 442%. The Restart Loan was designed to assist those who are struggling with unexpected expenses or emergencies and are vulnerable to getting trapped in the payday loan debt cycle. 

Published in Blog