Naturally, most people are much better spenders than we are savers. Especially when you’re putting purchases on credit cards compared to paying in cash and not physically seeing the impact of your spending. These guilty pleasure purchases have become a catchphrase that when you hear of someone “treating themselves”, the conversation usually follows up with […]
When it comes to shopping, you have more options than ever with the internet and our mobile devices constantly connected and only being a few clicks away. This means changes in the retail market have advanced and created new ways to shop. And if a store isn’t online, they’re behind and missing out big time. […]
When it comes to your finances are you staying on top of your spending or do you trust that the numbers you see in your account are correct? Money moves quickly, we all know that which is why you cannot be financially lazy and taking advantage of money tips because that is when things start […]
When it comes to back to school season, it can be a stressful time for both students and parents for many different reasons including financially. No matter what age or grade a student is going into, school expenses can be costly. That’s why we’ve rounded up our favourite back to school tips to make sure […]
A lot of people think that because they have savings, they will be financially okay in an emergency. But do you have a specific set of funds dedicated to an emergency fund for when you really need it? Any form of savings are helpful, but in the case of a financial emergency, you should […]
We’re all always looking to save more money, but when it comes down to it, what are you willing to sacrifice to save? We’ve become accustom to some of these things that we think we “need” them because we’ve had them for so long, when really it’s more of a “want” and would be just […]
In January 2017, new payday loan regulations were implemented in Ontario. As of January 1, 2017, the maximum total cost of borrowing for a payday loan went from $21 to $18 per $100 borrowed. And as much as each province has different regulations when it comes to payday loan industry, it is changes like this to […]
It’s no surprise that the financial crunch of the holiday season is upon us. And before you suffer from the January credit card hangover, we’re here to help. At GoDay, this time of year is one of the busiest for us and we’re working hard for you. We’ve talked before about how the holiday season […]
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 […]
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.
