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Ontario Payday Loans. Cash Loan Money Centres is a British payday loan company offering "short-term, high-cost credit". The interest charged by the lender, which can equate to an annual percentage rate (APR) of 1509%, has been widely criticised. Wonga have said that they believe that APR is a poor measure of the true cost of short-term loans. As of April International Financing Review how do i get a cash advance Nov 5, 2013 Adam Freeman, of provider Mr Lender, said that it conducted strict affordability checks. It offered a loan to one in 100 applications, but forwarded some others on to credit brokers. Industry trade bodies said that they had not expelled any payday lenders for failing to adhere to their codes of practice. Mutual of Omaha Bank - Relationship Banking - Individuals Nov 5, 2013 Representatives from Britain's largest payday lending groups - Wonga, QuickQuid and Mr Lender quizzed by MPs, say that their affordability checks are similar to those used by credit card companies.
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