In our re-vamped weekly segment, Common Cents Wednesdays, we help explain simple-to -complex financial terms. This week, we’re covering ‘arbitration’, ‘back-end ratio’ & ‘collateral mortgage’. It might sound like a super dry read, but since you’re in the “Cafe” grab a Timmies doughnut to sweeten the knowledge. We won’t tell. Arbitration Arbitration is basically a […]
Author: GoDay.ca Customer Education Team
Pre-Approved vs Pre-Selected in Canada: What It Really Means
A message arrives in your inbox or mailbox saying you have been pre-approved for a credit card or loan. It feels reassuring and even validating. Many Canadians interpret this as a guarantee that the funds are already theirs. Others assume it means the lender has fully reviewed their financial situation. In reality, the difference between […]
How To Shop For Travel Insurance
Have an exciting weekend across the border planned? How about a long vacation in Spain? Shopping for travel insurance definitely isn’t as fun as the trip itself (or even any other part of trip preparation), but being prepared is essential. You’re probably super busy packing, preparing for pet sitters and all the wonderful things that go […]
Accounts Payable, Collateral & Balance Sheets
In our re-vamped weekly segment, Common Cents Wednesdays, we help explain simple-to -complex financial terms. This week, we’re covering ‘accounts payable’, ‘collateral’ & ‘balance sheets’. It might sound like a super dry read, but since you’re in the “Cafe” grab a Timmies doughnut to sweeten the knowledge. We won’t tell. Accounts Payable This one can sure be […]
Audit’s, Bookkeeping & Credit Ratings
In our re-vamped weekly segment, Common Cents Wednesdays, we help explain simple-to -complex financial terms. This week, we’re covering ‘audit’, ‘bookkeeping’ & ‘credit rating’. It might sound like a super dry read, but since you’re in the “Cafe” grab a Timmies doughnut to sweeten the knowledge. We won’t tell. Audit Does this word strike fear […]
The Best Time To Buy A New Car
Buying a new, or new-to-you, car is a totally emotional experience for many people. It’s the combo of the letting go of your trusty old ride to the excitement of getting something brand new. Or, maybe the old ride wasn’t so trusty and you’re just happy to move onto bigger and better things. Regardless of […]
Two Different Guelph “The Cash Store” Break-Ins
Not our typical lengthy post, but we wanted to bring attention to some interesting activity happening in Guelph, ON. According to Guelph police, thieves have used neighbouring businesses to get access to “The Cash Store” retail locations which they robbed; $40,000 at one and $50,000 at the other. Both robberies occurred within a 2-month time […]
Saving For A Rainy Day
We all want to save money, but sometimes we go about it in the wrong way. You know what we’re talking about – you look to your discretionary income, however large or small it might be, and think “my savings has to come out of this!”. But experts say this is the worst place to […]
Why Responsible Lending Practices Matter
Payday loans don’t have a great reputation, even in areas where they are highly regulated. This is due to, unfortunately, lack of responsible lending practices for the majority of their existence. At GoDay.ca, we’re often fighting the battle of proving that you can indeed get a payday loan from a reputable & financially responsible […]
The New Collection & Debt Settlement Services Act
In January of this year, it was announced that the law which managed debt settlement services in Ontario (providers or firms who negotiate settlements with a debtor’s creditor) would change significantly in July. Some have seen these changes as a positive thing, as the change in the law will allow these debt settlement providers to […]
