New Materials Launched to Inform Manitobans About High-Cost Credit Risks

New Materials Launched to Inform Manitobans About High-Cost Credit Risks

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A series of free resources put out by the province are aimed at helping people to avoid high-cost credit risks.

Manitoba’s Consumer Protection Office has produced videos and materials to educate the public about payday loans and lines of credit.

“Not all loans and credit options are created equal, and some may cost more than you think,” said Finance Minister Scott Fielding.

“These resources are being launched today to mark Financial Literacy Month and clearly explain what you should know if you’re considering a payday loan or another type of high-cost credit product.”

Resources will be shared on provincial government social media channels, distributed by the CPO and posted on its website.



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