08/15/2026
Take a look behind the scenes of our insolvency practice: Part of our job is to review some of the claims filed by creditors, specifically in our Northern files (Northwest Territories, Yukon and Nunavut). A little spreadsheet magic, and you can calculate the interest rate being charged on online payday loans, which are becoming more popular, and easily accessible. This column here shows the APR ("Annual Percentage Rate") being charged on some of these loans, once you include the various fees being charged. Do you know the current criminal rate of interest? Hint: it's significantly lower than these %s