Pay day lenders are in demand, what you need to know

Welcome back to another segment of Finance Friday. FirstOntario Chief Operating Officer Mark Perkins discussed Pay Day Lenders. With interest rates still high, and inflation just coming under control, many people are struggling with making day to day ends meet and paying bills on time. This is creating a demand for Pay Day lenders. Mark tells us a little bit about this industry and what people should be aware of.