Consider this “5 Ways To Make Your Paycheque Last Longer” list more of a “budget overhaul” list than anything else! Are there ways you can tweak your spending to save you a little extra money between paycheques? Something minor might not seem worth it, but since a lot of Canadians are paid bi-weekly, even […]
Are any of these bad spending habits familiar? Kick them in the bud early and your wallet will be happy. 1. Using your credit card for every day purchases Unless you have financial control of steel, avoid using your credit card for your every day purchases like gas and groceries. We say “unless”, because […]
A while back, we suggested that payday loans can be used to save you money in certain circumstances, like with incredible discounted deals that have a time limit, or huge sales on travel tickets. But, these are generally limited opportunities with a very specific time frame. While payday loans are the perfect answer to these […]
Late last year, we published an infographic to help you identify “spending problems” that may have creeped (or full-on barged) their way into your financial life. They ranged from the small and insidious “urge to buy” to the completely debilitating fear of needing to “keep up with the Jones’”. Hopefully, if you identified your behaviours […]
If your payday loan isn’t repaid on time, it can affect you negatively both in the short term and in the long term. Before you sign any loan agreement, consider whether or not you will be in the right financial position to repay the loan and fees on your next pay period. Some questions you should […]
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 […]
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 […]
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, […]
Did you recently apply for some form of credit and was denied, though you’re almost 100% sure you shouldn’t have been? If you haven’t reviewed your credit report for a year or more, this kind of circumstance would be the ideal time to order yourself a free report and scan it over. If you’re confident […]
We’re all about trying to keep you safe. We’ve covered general identity theft security before, as well as general social media security, how to save for emergencies – the whole bit. So, seeing as we’re right in the middle of tax season, we want to give you some warnings about current Canadian tax scams that […]
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.
