Personal loans have emerged as versatile tools in Canada, offering individuals the flexibility to meet various financial needs. They typically don’t require collateral, allowing you to access the funds you need without taking significant risks. But just like any other financial tool, learning how to maximize their benefits is essential. The key to using a […]
Many Canadians are having a tough time dealing with the rising cost of living, making it a significant problem leading well into the summer of 2024. Financial Post revealed that 55% of people surveyed by Maru Public Opinion for its household outlook survey expressed concerns regarding their personal and daily financial matters. Some Canadians rely […]
Online lending has revolutionized the borrowing experience for millions of individuals worldwide, including Canada. Many Canadians are embracing online lending and becoming more familiar with the process. Instead of dealing with lengthy paperwork, tedious bank visits, and uncertain approval processes, you can quickly access cash by borrowing money online. With just a few clicks, borrowers […]
When managing finances, many people find themselves requiring additional funds beyond what they currently have. In such scenarios, personal loans and lines of credit emerge as popular options. Both serve as avenues to borrow money, yet they differ significantly in structure, flexibility, and usage. Understanding the disparities between these financial products is crucial for making […]
Accessing financial services online has become increasingly convenient thanks to technology and the constant upgrades in different platforms. From applying for mortgages to managing investments, the internet offers a range of options to meet your financial needs. One such option is online loans. However, with convenience comes the responsibility of ensuring safety and security, especially […]
Many Canadians struggle to keep up with the rising living costs, making it challenging to manage their household’s finances. According to a CBC News article, the significant rise in the price of shelter, food, and fuel has required Canadians to take up several jobs or return to work after retirement. As the demands on our […]
A credit card is a helpful financial tool as it provides convenient access to credit, enables cashless transactions, and often offers rewards or benefits, contributing to financial flexibility and management. Although this borrowing option can be beneficial, credit card debt can also be a significant financial burden for many individuals, especially when people cannot pay […]
In the world of personal finance, the terms good debt and bad debt are often thrown around, creating a dichotomy that may initially seem confusing. Not all debts are created equal, and understanding the difference between good and bad debt is crucial for making informed financial decisions. Good debt, often seen as an investment in […]
Many Canadians use credit cards to fund their daily expenses or deal with unexpected bills. Although credit cards can be a helpful financial tool, it often leads to an ongoing cycle of debt. This becomes a prevalent issue when individuals aren’t sure how to get rid of credit card debt and end up impacting their […]
People and households in the Canadian economy have been encountering numerous financial obstacles. Inflation, marked by a widespread rise in prices over time, has the potential to diminish the buying ability of currency, impacting various aspects ranging from day-to-day expenditures to achieving enduring financial objectives. Rising inflation has affected Canadians over the last two years, […]
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.
