Whether you’re online or on your mobile device, technology has continued to advance keeping us connected anywhere we go. Just take a look at us! GoDay.ca is strictly an online business. You can talk to a customer service representative, but we don’t have physical locations, everything is done online or by phone. And it’s because […]
In January of this year, it was announced that the law which managed debt settlement services in Ontario (providers or firms who negotiate settlements with a debtor’s creditor) would change significantly in July. Some have seen these changes as a positive thing, as the change in the law will allow these debt settlement providers to […]
If you’re using, or interested in setting up, a TFSA (tax free savings account) you probably are interested in making the most of your savings. Just recently, the federal government doubled the amount you can put into your TSFA, from $5,000 to $10,000! However, upon digging around the wonderful world of the web, we realized […]
The world of payday loans in Canada is different depending on which province you’re in, which company you’re dealing with and whether or not you’re choosing to apply for a payday loan online, or go into a retail store. However, there are some fundamental similarities between direct lenders (which are very different than indirect […]
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.
