Wedding season is upon us! Global News did a feature piece on the costs that come with getting married and on average a wedding will cost you approximately $30,000 US. Wedding Bells magazine did a Canadian survey and found that in 2015 Canadian couples would spend $30,717 on a wedding that included the honeymoon. Needless to say, […]
We don’t like to tell you how to spend your hard earned cash, but when it comes to our customers we always have your best financial interests at heart. And as difficult it may be, we sometimes have to point out the obvious, even if that means your bad financials habits. Everyone has their personal […]
It’s tax season! And you know what that means. It’s time to round up your spending for the year, which will lead to two outcomes. Either you own the government money, or you will be getting some cash back. This time of the year is also known as one of the most common times of […]
We’ve talked about ATM fees and how much they can cost you per month. Why should you have to pay for your own cash? When it comes to ATM fees, there are numerous ways to avoid them. That’s why we created the best of the best tips to make sure you aren’t paying for ATM […]
Living within your means? It sounds easy, right? Well, you would be surprised as to how much people are constantly overspending and thinking that things are within their means when they surprisingly aren’t. This is very common when it comes to materialistic goods. Living in a society where the latest gadget is a “must have” […]
When it comes to your finances, we all have financial obligations and responsibilities. And it can be a lot of pressure when so many bills and money matters are coming out of your account at once. Where you are financially and age also makes a difference when it comes to setting financial goals. Students won’t […]
When it comes to spending money there are so many products out there it’s up to you as the consumer to make the choice on what to buy. But before you purchase something, do you consider all your purchase options? And we don’t mean the best way to get rewards or loyalty discounts, we’re talking […]
Growing up, how did you learn about money and financial literacy? Was it something you wished you had been taught earlier? When it comes to financial literacy a lot of people believe in hands-on experiences and teaching themselves with their own finances. And what about teaching your kids about money matters? We’ve previously talked about […]
There are numerous phrases and sayings we hear about when it comes to our money, and cheap and frugal are two words that commonly get tossed around. But do you know what the difference between being cheap and being frugal really is? There is a fine line between being frugal and being cheap and since […]
In January 2017, new payday loan regulations were implemented in Ontario. As of January 1, 2017, the maximum total cost of borrowing for a payday loan went from $21 to $18 per $100 borrowed. And as much as each province has different regulations when it comes to payday loan industry, it is changes like this to […]
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.
