New Year, new you right? Well we’re challenging you to a savings challenge. Sounds easy enough, but it’s becoming more and more relevant that saving money is one of Canadians biggest financial struggles. That’s why we give you tips on how you can start your year off right and give you a couple different ways […]
A Registered Education Savings Plan or RESP as it is commonly referred to, is a special savings account for parents who want to save for their child’s post-secondary education. That’s right, this is how some students are able to get through school! So what are the pros and cons of opening an RESP? We break […]
With the most expensive of the month upon us, are you financially prepared? December becomes the month where people reflect back on the year and see how things went for them and where they can improve, and money/finances are often a big part of those conversations. Did you make a financial New Years resolution last […]
When it comes to rising food costs, this is something that affects us all and something we should all be paying attention to. According to Canada’s Food Price Report for 2018, food prices are expected to rise another 1%-3% which is slightly lower than what was predicted for 2017, but none the less, still rising. There […]
When it comes to having an emergency fund, are you prepared if something were to happen? Your emergency fund is more than just a savings account, it should be ready for whenever the unexpected happens. Of course, we hope that you would never have to use such funds, but it is always better to be […]
When it comes to the holidays, spending is at an all-time high. So how do you handle the financial pressures around the holidays? And what most people forget is the extra spending that comes with the holiday season, which is more than just gifts. That’s why we created a checklist to help you limit your […]
Between the holidays quickly approaching and big sale days like Black Friday and Cyber Monday, the biggest shopping season of the year is here. According to a survey from shopping retail website, RetailMeNot.ca, Global News reported that shoppers plan on spending an average of $1,400 per person – $653 of which will only be for […]
It’s no surprise that December is the most expensive month of the year, but do you know how much you’re really spending this time of year? The amount people are spending this holiday season is up again from last year, averaging about $482 on gifts just this season alone. And that’s just gifts! According to […]
The results are in and it’s true. From October 20th to October 21st, 2017 an online survey was conducted among 1,523 randomly selected Canadian adults and according to CIBC’s latest results, 85% of Canadian citizens agree that they should be saving more money than what they currently are. In fact, BNN reported that eighty-five percent […]
Naturally, most people are much better spenders than we are savers. Especially when you’re putting purchases on credit cards compared to paying in cash and not physically seeing the impact of your spending. These guilty pleasure purchases have become a catchphrase that when you hear of someone “treating themselves”, the conversation usually follows up with […]
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.
