When it comes to payday loans or short term loan companies, we like to keep it simple; fast cash for you with the security and professionalism along with it. It could be a payday or short-term loan, a line of credit, or borrowing from a friend or family member. As you can tell, there are […]
Now that we’re in the middle of wedding season, most people focus on the cost and price tag of the actual wedding. We’ve never been to a wedding that has mentioned finances in the ceremony or vows, but money and finances is one of those things that should be discussed before you tie the knot. […]
There’s nothing worse than planning for a vacation or travelling only to find out that you’ve fallen victim to a travel scam. These scams or fraudulent attempts can happen while you’re travelling and some you won’t realize until you get home and start to get yourself financially organized. Regardless of how or when they happen, […]
There’s nothing more invigorating than when seasons start to change, especially when you live in a country that gets cold and dreadful winters. Spring brings with it melting snow, warmer temperatures, blooming flowers, and lifted spirits. Not to mention, the desire to clean up your home and life to get it ready for a great […]
Grocery shopping is an obvious necessity that everyone has to do. Especially if you have a growing family, you know the struggle of keeping the fridge full in your busy household. It can seem like you’re constantly running back and forth to the store to restock on food or regular household items like toilet paper, […]
Everyone needs (and deserves) a break. Really, you do! And according to a survey in 2016, Daily Hive reported that Canadians received an average of 17.3 vacation days from employers this year, but only took 14 of them. That represents 31 million unused vacation days and $5.5 billion in wages going back to employers. But […]
Do you know what your credit score is? When was the last time you checked your credit score? It changes frequently and you never know when you will need it, but there are plenty of times a credit report may be required including as to be used as a reference or as formal documentation. But why do you need […]
A Registered Education Savings Plan or RESP as it is commonly referred to, is a special savings account for parents who want to save for their child’s post-secondary education. That’s right, this is how some students are able to get through school! So what are the pros and cons of opening an RESP? We break […]
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 […]
What do you use your short-term payday loan for? We never ask these questions in our applications process, but we do get a lot of feedback and reviews from our customers. And this feedback is usually related to why people are using GoDay and the services we offer. So what are the payday loans we […]
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.
