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 […]
When it comes to your money it’s way easier to keep track of your own finances than someone else’s. So when joint back accounts and payments are now a part of your life, you need to readjust your thinking when it comes to your money. Because everyone has different financial goals of what they want […]
We can all use more money, right? But when it comes to budgeting and your savings account, we all like to see those numbers rise. So when you’re starting to feel financially comfortable, that’s when you should be making smart financial decisions and figuring out what the next steps with your money should be. That’s […]
Now that the holiday season is over, it’s time to start thinking about 2017 plans, this includes vacation and holidays. I’m sure with the credit card bills from December rolling in this month; the last thing you want to be thinking about is a future trip. But what you’re forgetting is that now is the […]
With only a few days to go and the celebrations in full swing, it’s no surprise that this is a time where your wallet is being put to use. So are you done all your shopping? How many last minute items will you have to go out and grab in a rush? Have you stayed […]
With 2016 quickly coming to an end, there are a few tax tips to keep in mind. No, it’s not officially tax season, but Yahoo Finance reports that 77 per cent of people don’t even think about their taxes until the New Year, and almost half (48 per cent) wait until just before they file […]
It’s no surprise that the financial crunch of the holiday season is upon us. And before you suffer from the January credit card hangover, we’re here to help. At GoDay, this time of year is one of the busiest for us and we’re working hard for you. We’ve talked before about how the holiday season […]
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.
