{"id":703803,"date":"2026-05-30T13:34:09","date_gmt":"2026-05-30T13:34:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/703803\/"},"modified":"2026-05-30T13:34:09","modified_gmt":"2026-05-30T13:34:09","slug":"ctv-news-viewers-offer-to-pay-mans-high-interest-loan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/703803\/","title":{"rendered":"CTV News viewers offer to pay man&#8217;s high-interest loan"},"content":{"rendered":"<p class=\"c-paragraph\"><a href=\"https:\/\/www.ctvnews.ca\/toronto\/consumer-alert\/article\/no-possible-way-to-pay-this-an-ontario-man-has-been-repaying-a-4500-loan-for-the-past-5-years-its-barely-made-a-dent\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.ctvnews.ca\/toronto\/consumer-alert\/article\/no-possible-way-to-pay-this-an-ontario-man-has-been-repaying-a-4500-loan-for-the-past-5-years-its-barely-made-a-dent\/\">Following CTV News\u2019 report<\/a> about a man who took out a high-interest loan and was shocked that after five years of payments, he still owed almost the same amount, many viewers came forward to offer help.<\/p>\n<p class=\"c-paragraph\">Terry O\u2019Halloran of Barrie, Ont., is back repairing small engines at his shop and says he now feels much better about the future.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/1780148048_376_AZ2EEUXBUZADDKGUEQOBCRRSLU.jpg\"  width=\"800\" height=\"449\"\/><\/p>\n<p class=\"c-paragraph\">\u201cIn a matter of four to four and a half hours, there were 50 calls,\u201d said O\u2019Halloran.<\/p>\n<p class=\"c-paragraph\">\u201c50!\u201d<\/p>\n<p class=\"c-paragraph\">O\u2019Halloran lost his leg five years ago. He needed money to buy a wheelchair and make a ramp for his home. So, he took out a $4,500 loan and was paying $200 a month. <\/p>\n<p class=\"c-paragraph\">Even though he never missed a payment, he was shocked to discover he still owed $3,697.<\/p>\n<p class=\"c-paragraph\">\u201cAt $4,500, if you do the math, it comes out to close to $10,000 for a $4,500 loan,\u201d O\u2019Halloran told CTV News.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/1780148049_403_2FCIHTDKDJBH3H5UJWSJRYPAME.jpg\"  width=\"800\" height=\"449\"\/><\/p>\n<p class=\"c-paragraph\">Minutes after the story aired, CTV News viewers across the Greater Toronto Area and Canada reached out wanting to help.<\/p>\n<p class=\"c-paragraph\">\u201cThere were people from Vancouver, Regina, Alberta, Newmarket and two from the east coast,\u201d O\u2019Halloran said in a follow-up interview.<\/p>\n<p class=\"c-paragraph\">He told CTV News the first people to contact him were a husband and wife. They want to remain anonymous, but they\u2019ve made arrangements to pay off his loan in full next week<\/p>\n<p class=\"c-paragraph\">\u201cIt\u2019s going to be paid on Monday, and it\u2019s gone,\u201d a relieved O\u2019Halloran said.<\/p>\n<p class=\"c-paragraph\">He feels overwhelmed by the response and gets emotional thinking about the kindness of strangers who wanted to help.<\/p>\n<p class=\"c-paragraph\">\u201cThe support there is that there are that many people there that would do it, and now I can get on with my life, thanks to you,\u201d O\u2019Halloran said.<\/p>\n<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/E7A65Y4K7JEEBMP2WKKOXCEE5A.jpg\"  width=\"800\" height=\"450\"\/><\/p>\n<p class=\"c-paragraph\">\u201cI really want to thank the viewers from the bottom of my heart and for what CTV News has done,\u201d O\u2019Halloran added.<\/p>\n<p class=\"c-paragraph\">O\u2019Halloran also said he feels it was important for his story to be told and put a spotlight on the issue of high-interest-rate loans. <\/p>\n<p class=\"c-paragraph\">He feels the government needs to do more to stop predatory lending practices.<\/p>\n","protected":false},"excerpt":{"rendered":"Following CTV News\u2019 report about a man who took out a high-interest loan and was shocked that after&hellip;\n","protected":false},"author":2,"featured_media":703804,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[712,45,49,48],"class_list":["post-703803","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apple-news","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/703803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=703803"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/703803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/703804"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=703803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=703803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=703803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}