In Canada, government cheques are essential financial tools that support individuals and families in various forms. These cheques include multiple benefits, from pension payments to tax refunds. At GoDay, we understand the importance of being aware of cheque dates, as these payment schedules often determine when you may need additional assistance. Whether you’re planning for […]
Navigating the Canadian Pension Plan (CPP) can be a key part of retirement planning for Canadians, and understanding the ins and outs of CPP payments is essential for financial stability. With a solid grasp of CPP, you can make well-informed decisions that support both immediate financial needs and long-term goals. While we provide online loans […]
Getting approved for a personal loan can be challenging and often stressful for Canadians with poor or limited credit history. Many traditional lenders rely heavily on credit scores to assess risk, meaning those with lower scores usually face rejections or high-interest terms. However, there are alternatives specifically designed to support individuals with bad credit, including […]
As retirement approaches, understanding the financial resources available to you becomes crucial. The Old Age Security (OAS) pension is a key component of retirement planning for many Canadians. This government-funded program provides financial support to seniors, ensuring they have a basic income level in their later years. At GoDay, we aim to ensure Canadians are […]
Goods and Services Tax (GST) is integral to the Canadian tax system, impacting consumers, businesses, and government revenues. Introduced in 1991, GST is a federal sales tax applied to most goods and services sold in Canada. Alongside GST, some provinces also levy the Harmonized Sales Tax (HST), which combines the provincial sales tax (PST) with […]
When you borrow money from any financial institution, you will be presented with different methods for calculating your interest rate. The choice between a fixed-rate loan and a variable-rate loan depends on various factors. Choosing between the two requires a thorough understanding of the fundamental disparities between these lending structures. While fixed-rate loans offer stability […]
Personal loans have emerged as versatile tools in Canada, offering individuals the flexibility to meet various financial needs. They typically don’t require collateral, allowing you to access the funds you need without taking significant risks. But just like any other financial tool, learning how to maximize their benefits is essential. The key to using a […]
When managing finances, many people find themselves requiring additional funds beyond what they currently have. In such scenarios, personal loans and lines of credit emerge as popular options. Both serve as avenues to borrow money, yet they differ significantly in structure, flexibility, and usage. Understanding the disparities between these financial products is crucial for making […]
A credit card is a helpful financial tool as it provides convenient access to credit, enables cashless transactions, and often offers rewards or benefits, contributing to financial flexibility and management. Although this borrowing option can be beneficial, credit card debt can also be a significant financial burden for many individuals, especially when people cannot pay […]
In the world of personal finance, the terms good debt and bad debt are often thrown around, creating a dichotomy that may initially seem confusing. Not all debts are created equal, and understanding the difference between good and bad debt is crucial for making informed financial decisions. Good debt, often seen as an investment in […]
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.
