HomeConsumer + MoneyMoney & debtBorrowing moneyPayday loans: Protecting yourself if you get one

Payday loans: Protecting yourself if you get one

Payday loan neon sign

Payday loans are an expensive and risky option for borrowing money. If you feel you have no option other than taking out a payday loan, learn how to protect yourself.

What you should know

Protect yourself

Who can help

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in December 2019
  • Time to read: 4 minutes

Reviewed for legal accuracy by

Mario Garcia, CarbonCure Technologies

Mario Garcia, CarbonCure Technologies

Share this page

This information from People’s Law School explains in a general way the law that applies in British Columbia, Canada. The information is not intended as legal advice. See our disclaimer.

Related

On Dial-A-Law

Dial-A-Law has more information on Borrowing money in the section on Money & debt.

We are grateful to work on the unceded traditional territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish) and səlilwətaɬ (Tsleil-Waututh) Nations, whose Peoples continue to live on and care for these lands.