Jerry Buckland is Professor of International Development Studies at Menno Simons College and an advisor with EvidenceNetwork.ca. He is author of Hard Choices: Financial Exclusion, Fringe Banks and Poverty in Urban Canada (University of Toronto Press).
Sherry's financial needs were not met through payday loans, but made worse by them -- and, as a result, she and her family were caught in a long-term cycle of debt from which they could not escape. Unfortunately, Sherry's form of repeat payday loan borrowing is common and it can sink families into poverty.
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