Borrowing has become faster, more accessible, and more digital than ever before. Canadians can apply for credit from their phones, receive decisions quickly, and manage repayment online. Yet convenience has introduced a quieter risk that many borrowers do not fully understand. Loan stacking. It is not always intentional, and it does not always begin with […]
Rejection can sting, especially when it comes from your bank. You’ve filled out the forms, provided the paperwork, and waited for that call or email… only to hear “no.” For many Canadians, that moment brings a wave of uncertainty. How will you cover that unexpected bill? How will you pay for the car repair you […]
The back-to-school season is supposed to feel hopeful. It’s the fresh start, the new shoes, the sharp pencils, the excitement of what’s next. But for many Canadian parents, especially those already walking the financial tightrope, it’s also the most stressful time of year. Not because of the unknowns, but because of the very known: the […]
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 […]
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 […]
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 […]
Credit card debt weighs on more Canadians every year. Higher living costs, rising interest rates, and shifting financial priorities can make it feel difficult to regain control once balances begin to grow. Many people discover that minimum payments barely make a dent, and the longer the balance stays high, the harder it becomes to break […]
Financial emergencies can strike at any time, and finding viable solutions can be challenging for individuals with bad credit. Unfortunately, this can lead to stress and unfavourable financial decisions. But you’re not in this alone; many Canadians have trouble maintaining a good credit score. According to Equifax, credit scores range between 300 and 900 and […]
Borrowing money is a common way for Canadians to manage their finances or get extra help when required. With inflation affecting living costs, more than seven million Canadians have taken out loans to cover expenses in 2022. Knowing the different loan options accessible can play a vital role in accomplishing your financial objectives if you’re […]
Personal loans are a versatile financial tool that can help individuals manage various expenses. Many Canadians opt for personal loans when they need financial assistance, such as bill payments, renovation or repairs, and vacation funding. But how do personal loans work, and where can you find the best options to suit your specific needs? Understanding […]
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.
