Lenders now are required to offer all loans with payback instalment plans that span at least three pay periods. Many clients who seek payday loans don't have usage of credit or are struggling to get credit in traditional ways, based on Mary Castillo, a credit counsellor with Credit Counselling Society in Saskatoon. The poll found 35 % of users took out 60 day payday loans canada cash advances at least once 30 days, while another 32 % said a couple of times each year. Going to a cash payday loan company for small loans may be the only option for a lot of middle- to low-income Canadians, as outlined by ACORN. Some states have imposed caps on interest rates charged by payday lenders. Coincidentally, perhaps, British regulators said Wednesday 15 payday firms were quitting the market industry, reports Lianna Brinded of the International Business Times.