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The review is within response to technological modifications in the pay day loan industry. A local bank is offering a different for people borrowing high interest payday advances. Money Mart was the target of fire shortly before Christmas due to the practice of exchanging gift cards for half their value in cash At the time, Money Mart said it was offering customers an opportune, value-added product though this service. Using these plans made me poorer with the end with the day," she said, adding that a $200 loan would, in a couple weeks, accrue $120 in interest. The long-awaited report follows an in-depth Star investigation in 2004 on how low-income earners get trapped in a spiral of easy loans from payday loans canada lenders which they're then unable to pay back. The provincial government announced on Friday that the absolute maximum cost of borrowing along with the non-sufficient funds fee will be reduced Feb.