Each payday loan company in Ontario and British Columbia has different underwriting rules that determine whether or not a customer will be approved or denied. However, there are generally common denomenators for why your application might be denied. Since online payday loans and retail front payday loans have different lending criteria, we’ll identify online-specific reasons […]
Can I Pay Back My Payday Loan Early?
If you want to pay back your payday loan early, you’re first going to need to know your lender’s policy on early repayment. We can’t speak about the specifics within other Canadian companies, but the general rule is that there is no penalty for repaying your payday loan before your due date. Some lenders, GoDay.ca included, […]
The 7 Stages of Credit Card Debt
You’ve undoubtedly heard of the famous “7 stages of grief”, which helps those who’ve been through an ordeal or a loss identify where they are in recovery. Interestingly, these 7 stages can also be applied to debt management and the emotions and thoughts one might have while under it’s pressures. We’ve put together a handy […]
Debt Collection 101
You’ve probably heard half a dozen horror stories regarding debt collection. Demanding calls at almost all hours of the day, being contacted at work, or learning that your references are being called constantly is a common occurrence in the collections world. While this might not make those of you who are in “collections world” feel much […]
How Do I Choose The Right Bank For Me?
Thinking about making the switch to a new bank? Though we could tell you the “frugally obvious bottom line ” (aka: look for no fee EVERYTHING), there is way more to shopping around for a new bank than one might think. This counts for double if you’re in a transitional stage in life (college, marriage, […]
The Absolute Truth About Payday Loans – Infographic
2015 has seen a lot of buzz around payday loans, both in Canada and abroad. With the buzz has come quite a bit of negativity, negativity that doesn’t exactly fit every nation’s respective payday loan industry accurately. Criticisms of the industry in the U.K, where regulation is quite loose, can’t be applied to the Canadian […]
Interpreting the Ontario Payday Loan Act
As a payday loan borrower, you have some excellent rights and protection afforded to you in the province of Ontario (some of the best in the industry throughout the world!). We’re all about customer education, transparency and responsible lending at GoDay.ca, which means we want to help you understand your rights and responsibilities before entering […]
Payday Loans Online With GoDay.ca
Payday Loans The GoDay.ca Way
With so many payday loan companies online, it can be hard to know who to choose. When you’re ready to apply, the team here at GoDay.ca believes that your application process needs to be speedy, smart & secure. You want to choose a direct payday lender, one that has it’s valid provincial license, that displays it’s fees simply […]
Is A Cash Advance The Same Everywhere?
Is a cash advance the same everywhere? The annoying answer is both yes, and no. Yes, because the bottom line is you get advanced cold, hard cash, but also no, because there are different sources of cash advances. What are some examples? -You advance yourself cash off of your credit card. -Your spouse requests an […]
