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Canadians Flocking to High-Interest Car Loans

Canadians are seeking loans using whatever collateral they have. For most Canadians without land, the next most valuable asset is our vehicle. A Boston-based marketing firm studied internet searches in Canada and found that Canadians have increased their appetite for vehicle loans. Car loans are often attractive because, despite their high rates, one can access much more money than a personal loan.

To read more about this, click here for the Bloomberg article.

For questions relating to loans, interest, or mortgages, contact our firm here.

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