Having a clear plan is essential for reaching financial success, and strategic planning is the cornerstone, whether you’re pursuing short-term financial goals or long-term financial security. An October 2023 CTV News article referred to federal data, revealing that a quarter of Canadians struggled to make ends meet. The escalating cost of living in Canada is […]
Debt can often feel like a heavy anchor, weighing you down and limiting your financial freedom. It’s an everyday struggle, and many individuals find themselves juggling multiple debts with varying interest rates and due dates. When Canada’s net debt was reaching $942.5 billion in 2021, it was causing Canadians a lot of stress. This is […]
In the contemporary digitally linked global environment, prioritizing convenience has significantly reshaped the realm of personal finance. Presently, individuals possess greater capability than before to attend to their financial requirements with just a click, courtesy of the proliferation of online lending platforms. While this newfound accessibility is undoubtedly convenient, it comes with the imperative responsibility […]
Are you in need of a loan but faced with the dilemma of whether to go the traditional route and apply in person at a bank or lending institution, or to opt for the convenience of online applications? The decision between online and in-person loan applications is a significant one, and it hinges on various […]
When obtaining a loan, your credit score plays a significant role. Understanding how loan applications and your credit score are interconnected is crucial for anyone seeking financial assistance. At GoDay, we offer several types of secure online loans to help you quickly access cash. However, you must understand the intricate relationship between loan applications and […]
Loans are helpful for those needing financial assistance, but they can also be intimidating, especially when paying back more than we borrowed. Knowing how loan interest functions is like having a map to confidently explore the world of finance. When you borrow money through a loan, whether it’s a personal loan, mortgage, or credit card […]
When seeking a loan in Canada, you will probably come across two prevalent types of loans: secured loans and unsecured loans. Each borrowing option has its advantages and disadvantages, and comprehending the distinction between secured and unsecured loans is crucial for making an informed decision. There are several aspects to consider while contrasting secured loans […]
Borrowing money is a common way for Canadians to manage their finances or get extra help when required. With inflation affecting living costs, more than seven million Canadians have taken out loans to cover expenses in 2022. Knowing the different loan options accessible can play a vital role in accomplishing your financial objectives if you’re […]
Personal loans are a versatile financial tool that can help individuals manage various expenses. Many Canadians opt for personal loans when they need financial assistance, such as bill payments, renovation or repairs, and vacation funding. But how do personal loans work, and where can you find the best options to suit your specific needs? Understanding […]
Financial burden is a common problem many individuals face, and debt can significantly contribute to the issue. According to a Fraser Institute 2023 report, The Growing Debt Burden for Canadians, “the debt burden for families across Canada has been growing substantially for more than a decade.” The report suggests Canada has a growing debt problem […]
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.
