Your car breaks down. You can’t afford the repairs but you need your car to get to work. Your bank declines your loan application. What do you do? This is a situation too many Canadians have found themselves in. One unexpected expense turns into a potentially financially catastrophic situation. For the 48% of Canadians who do not have an emergency account, the answer might be a payday loan. Payday loans are expensive and seldom are they the only or the best option. Last week the Globe & Mail looked at payday loans across Canada.