Now that Black Friday is over, it is the official kick-off to the holiday season. And when it comes to your budget, now is the best time to get your wallet prepared to avoid the looming January credit card bills. Is it possible to even avoid this financial hangover? Yes, that’s why we give you […]
It happens. Where you spend more than you remember, or more than you expect to and there goes all the savings you’ve worked so hard to maintain. But we’ll give credit where credit is due; you have a budget in place to have blown when a lot of people don’t even have that. Because that’s the […]
When it comes to choosing who to bank with, in Canada there are only a handful of options. Unless you’re banking with a credit union, which there is also a limited number of those, what bank do you bank with and why? There are the big five: Royal Bank of Canada (RBC), Canadian Imperial Bank […]
Did you know November is Financial Literacy month? The Financial Consumers Agency of Canada (FCAC) and the Financial Literacy Leader has helped to coordinate and increase collaboration between organizations from the private, public and non-profit sectors to promote financial literacy for Canadians of all ages. This means that t throughout November; everyone across Canada is […]
We understand that it’s only November, and the last thing you want to start thinking about is the stress of the holidays. But as we know, every year the holidays come up much quicker than you expect and can leave you in a financial pinch. As the Globe and Mail stated in an article from […]
The payday loan industry is frequently in the news, especially when it comes to short-term loan usage and the deregulations within the loan industry. This week, there were quite a few articles about payday loans that caught our attention including an article by Huffington Post Canada on how payday lending in Canada has doubled as […]
When it comes to a payday loan, people use them for all kinds of reasons. Whether it is to pay bills, you are financially strained at certain times of the year such as Christmas or back to school season, or if you just need to stay afloat until your next paycheck, there are all kinds of […]
When it comes to applying for a payday loan, there are many things to take into consideration. Depending on the cash you need, there are different types of loans out there for anyone’s financial situation. But when it comes to a GoDay loan, there are many things that make use different compared to other lenders. […]
There is no surprise that the issue of rising hydro rates in Ontario is an ongoing topic of discussion throughout the news, and there have been many articles written about how this increase is drastically affecting everyday living expenses. Are you one of the people affected by rising hydro prices? Have you noticed an increase […]
When it comes to financial assistance there are many options out there. It could be a payday or short term loan, a line of credit, or borrowing from a friend or family member. But there are a few key differences when it comes to using GoDay compared to any of the other alternatives. That’s why […]
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.
