In recent years, Saskatoon, Saskatchewan, has seen a significant increase in the usage of payday loans. These short-term, high-interest loans are often used by individuals who are facing financial difficulties and need quick access to cash. While payday loans can provide temporary relief, they often come with high fees and interest rates that can trap borrowers in a cycle of debt.
One of the main drivers behind the rise in payday loan usage in Saskatoon is the challenging economic environment. Like many other parts of Canada, Saskatoon has experienced rising costs of living, including housing, food, and utilities.…