We know there are a lot of payday loan companies out there, particularly online. It can be a bit overwhelming, swimming through the sea of lenders (shameless “shark” reference, har har). The unfortunate truth is that there are many “companies” that are illegitimate. While we can’t protect you from those who are trying to do […]
If you’ve been following us on social media this week, your feeds have probably been inundated with tips on how to reduce, reuse and recycle. A common myth I encounter frequently is “going green means I have to sacrifice the luxuries I have, or change my schedule dramatically”. The good news is that even if […]
Payday Loans | GoDay.ca Easter is a time of renewal as it celebrates life through the symbolic egg! We consume massive amounts of chocolate during this time and generally regret it by the end of the day (unless you’re made for that kind of chocolate consumption, and if that’s the case, call me super jealous). […]
You get arrive home, various mail and paperwork under your arm. You throw it down onto a table, onto a shelf or into a drawer and think “I’ll get to it later”. Sound familiar? Opening bills, sorting files, stapling, labeling – it’s not exactly the most fun thing to do in your spare time. However, […]
Payday Loans Canada | GoDay.ca Beginning April 1st, 2014, the Ministry of Consumer Services is making it mandatory for all payday loan companies in Ontario to have this poster visible to all customers, whether in store or online. Please note that this will not change anything if you are lending from a provincially compliant lender […]
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.
