Short Term Loans | GoDay.ca Last week we had a short intro into Pinterest for those who are unfamiliar with the platform. For those of you who skipped that step, welcome! We’re about to embark on a money-saving, waste-preventing journey together. At least for the next two weeks. Budget Resources If Pinterest is known for […]
Some sage wisdom is generally passed down throughout every generation, much of which is financial advice. It’s impossible to deny that our upbringing and environment largely helps to shape our attitudes about money and all it entails; budgeting, saving & debt. But what key pieces of advice have really proven to be sound, despite the […]
Payday Loan | GoDay.ca Payday loans are usually used for generic cash-flow issues between paycheques, right? We have covered some other uses of this short term financing option, such as emergencies, leveraging sale prices on big items and such. But there are some situations we’d never condone using a payday loan for. While a payday loan […]
I recently saw a meme on Pinterest (how many conversations start like that?) of a little girl squinting and looking off into the distance. The caption oh-so eloquently said, ” have you ever talked to someone so stupid it made you squint?”. If that could be applied to stupid things, then absolutely. Bad advice comes […]
Yahoo!® Finance released an article this week entitled, “This family proves just how expensive it is to be poor“, which lamented the devastating affect that payday loan rollover/re-loans can have on an already tight budget. While reading the story of a couple in their mid-fourties who have an autistic son that requires expensive care, it’s was […]
Have you ever passed by a Subway ® & a McDonald’s ® on your daily travels and noticed that there is sometimes a much bigger line up into Mickey D’s, but not one into the other? It doesn’t seem to matter what time of day, whether breakfast, lunch or dinner (and second breakfast, elevensies & supper if you’re […]
If you’ve been following us on social media this week, your feeds have probably been inundated with tips on how to reduce, reuse and recycle. A common myth I encounter frequently is “going green means I have to sacrifice the luxuries I have, or change my schedule dramatically”. The good news is that even if […]
Payday Loans | GoDay.ca Easter is a time of renewal as it celebrates life through the symbolic egg! We consume massive amounts of chocolate during this time and generally regret it by the end of the day (unless you’re made for that kind of chocolate consumption, and if that’s the case, call me super jealous). […]
In 2013, we released a free download that featured the best free (or almost free) financial management apps, along with some of the best deal websites that exist on the internet. We’re updating that list with even more sites and putting it into a handy infographic that you can email, pin, post and tweet to […]
Have you ever wondered what the secrets of the payday loan service you use are? Those coveted tricks of the trade? Here are some not-very-well-known insider tips to the short term loan industry. The Environment Is Not What You’d Expect It’s constantly changing! We do the same type of job every single day, but our customers […]
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.
