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‘An end to 600 percent interest’: decrease payday loans prices today ultimately in Alberta Timothy Afolayan, past pay day loan consumer poses outside a northwest Calgary financial on Tuesday, Aug. 2. Afolayan applauds this new Alberta national system to aid payday loans customers. Picture by Jim Wells / Postmedia The father of two have $600 in cost savings but went to a payday lender to cover the total $1,200 the guy wanted to submit overseas. Articles a€?we now have put an end to 600 per-cent rates, which are predatory pay day loan interest levels,a€? McLean said. a€?Rates that restrict Alberta family from affording their standard wants; costs making it challenging shell out the loan again; prices that need you to definitely take out that loan to cover straight back initial mo...