Borrowing has become faster, more accessible, and more digital than ever before. Canadians can apply for credit from their phones, receive decisions quickly, and manage repayment online. Yet convenience has introduced a quieter risk that many borrowers do not fully understand. Loan stacking. It is not always intentional, and it does not always begin with […]
Some months feel generous. Others feel tight before they even begin. When your income shifts from one month to the next, budgeting can feel less like planning and more like reacting. You might know how to earn, invoice, or hustle, yet still feel uncertain about what is safe to spend, save, or commit to. This […]
A new year always arrives with a quiet promise. The promise of a clean slate. The chance to reset your relationship with money. The moment to shift from hope to action. Whether last year felt steady, stressful, or somewhere in between, this is your opportunity to build financial goals that feel grounded, realistic, and achievable. […]
Impulse spending looks small in the moment. A treat, a pickup in mood, a quick reward after a stressful day. But over time, those moments become patterns, and those patterns begin to shape your financial stability. Many people blame impulse buying on a lack of discipline, yet the truth is far more layered. Impulse spending […]
Life doesn’t always line up with due dates. An unexpected bill, a short paycheque, or a forgotten reminder can mean a loan payment slips by. If that happens, what’s next? Do you face immediate damage to your credit? Will collectors call? Can the lender take legal action right away? These concerns are common, and valid, […]
Each year, as leaves shift colour and schools refill with backpacks, many Canadian households brace for another predictable cycle: back to school costs, fall activities, Halloween, holiday prep. These seasonal markers are joyful in many respects, but they also trigger a very real and often stressful financial rhythm. Let’s unpack how seasonal spending Canada patterns […]
The back-to-school season is supposed to feel hopeful. It’s the fresh start, the new shoes, the sharp pencils, the excitement of what’s next. But for many Canadian parents, especially those already walking the financial tightrope, it’s also the most stressful time of year. Not because of the unknowns, but because of the very known: the […]
When life throws unexpected expenses your way, be it a sudden car repair, an urgent medical bill, or an essential home fix, quick access to funds can feel like a lifeline. That’s why fast online loans have become a go-to solution for many Canadians looking for quick cash in emergencies. But while the convenience is […]
When people talk about building credit, the conversation almost always turns to credit cards. But what if you don’t have one, or simply don’t want one? Whether you’re just starting out or rebuilding after financial setbacks, there are smart, safe, and strategic ways to grow your credit score without ever swiping plastic. At GoDay, we […]
Understanding how your credit is checked can shape the outcome of your next loan application. Whether you’re applying for your first personal loan, exploring short-term solutions, or repairing your financial footing, knowing the ins and outs of soft and hard credit checks puts you in control. This guide walks you through what each type of […]
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.
