Winter on the roads isn’t fun for anyone. If you’re like us, the word used to describe the fluffy white precipitation is often regarded as another four letter word, at least until the season is inevitable. There’s something whimsical and magical about snow, but the truth of the matter is, no matter how beautiful, snow […]
Don’t Be A Victim of Identity Theft : Protect Yourself Between 2009 and 2011, over 43,000 Canadians were the victims of fraud. Identity Theft is a type of Mass Marketing Fraud (or MMF). Other MMF schemes include telemarketing fraud and internet fraud. The largest age group affected by fraud was between 50-59 years and the […]
It’s holiday time, meaning it’s also time to get ho-ho-hefty. Well, not on purpose, at the very least. Everywhere you go, someone has something delicious to shove into your face. At work? Someone brought in 2 dozen brownies. Your kids bring home a lunch-pail full of candy canes and jelly beans. And your own get […]
Edible Gifts are the Best Kind We are in full blown fa la la la la la la la la mode, and if you’re like most Canadians this time of year, you’re probably staring at your Christmas gift list, wondering just how to get it all done. Well, it’s a good thing you’ve found your […]
What is it about food budgeting that can be so surprising? When hunger strikes and you’re in a hurry (and really, who isn’t?), sometimes it’s way too easy to run out and grab a burger or get some ready-to-eat food at the grocery store (and you know what they say about shopping when you’re hungry). Even […]
Check The Fee Per $100 Borrowed The Ontario Payday Loans Act capped this fee at $21 per $100. If you are being charged even a cent over this amount, the payday loan company is not regulation compliant. Don’t forget to check their interest rates, too. There should be no “up-front” fee or “down–payment” on your […]
Black Friday – If any country does commercialism right, it’s the United States. What a great partnership we have – Canada, true north, strong and free, and the Republic of the USA. Two nations that share the longest border in the world and a very similar culture. In some ways we differ, however, such as our […]
We get it. Payday loans are a sensitive subject. Relatives drop by unexpectedly, but your grocery budget is already spent. A massive sale at your favourite store, but pay day is a week away. Your child is sick and you have to take off work to care for them. Familiar situations to all of us, […]
Ontario, Alberta and New Brunswick residents: The cost of borrowing at is $15.00 per each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $45.00, with a total payback amount of $345.00. The maximum allowable cost of borrowing under payday loan agreements is $15.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 59% per annum on any principal that is outstanding. There is also a one-time $50 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
British Columbia residents: The APR on a $300.00 loan for 14 days is 391.07% at a rate of $15.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 30% per annum on any principal that is outstanding. There is also a one-time $20 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
Saskatchewan residents: The APR on a $300.00 loan for 14 days is 443.21% at a rate of $17.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 30% per annum on any principal that is outstanding. There is also a one-time $25 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
Nova Scotia residents: The APR on a $300.00 loan for 14 days is 495.36% at a rate of $19.00 per $100.00 borrowed. Late-payment interest on your online payday loan is calculated at a rate of 30% per annum on any principal that is outstanding. There is also a one-time $25 fee for any dishonoured pre-authorized debit that comes back non-sufficient funds.
Non Payment Policy: To collect on a loan in default GoDay.ca will utilize all collection practices available to the issuers of consumer credit in Canada.
Renewal Policy: We do not automatically renew payday loans.
