{"id":2011,"date":"2014-04-01T09:00:00","date_gmt":"2014-04-01T13:00:00","guid":{"rendered":"https:\/\/goday.ca\/blog\/?p=2011"},"modified":"2021-09-30T11:12:30","modified_gmt":"2021-09-30T15:12:30","slug":"payday-loan-industry-update-please-read","status":"publish","type":"post","link":"https:\/\/goday.ca\/blog\/payday-loan-industry-update-please-read\/","title":{"rendered":"Payday Loan Industry Update: Please Read"},"content":{"rendered":"<p><a href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>Payday Loans Canada | GoDay.ca<\/strong><\/em><\/a><\/p>\n<p>Beginning April 1st, 2014, the Ministry of Consumer Services is making it mandatory for all <a href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener noreferrer\">payday loan<\/a> companies in Ontario to have this poster visible to all customers, whether in store or online.<\/p>\n<p>Please note that this will not change anything if you are lending from a provincially compliant lender (like us!). As we have <a title=\"Payday Loans \u2013 Why Choose GoDay.ca?\" href=\"https:\/\/goday.ca\/blog\/why-choose-goday-for-your-payday-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\">always been dedicated to transparency and compliance<\/a>, we are very happy to see that the Government of Ontario is taking these steps to keep the <a href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener noreferrer\">payday loan<\/a> consumer educated.<\/p>\n<p>Again, nothing changes in fee structure. The maximum<em><strong> any<\/strong><\/em><a title=\"About Us\" href=\"https:\/\/goday.ca\/blog\/about-goday-loan\/\" target=\"_blank\" rel=\"noopener noreferrer\"> payday loan lender<\/a> in Ontario can charge you for a loan is $21 per $100 borrowed. Keep in mind, however, that <a title=\"Why It\u2019s Imperative To Re-Pay Your Loan\" href=\"https:\/\/goday.ca\/blog\/imperative-re-pay-payday-loan\/\" target=\"_blank\" rel=\"noopener noreferrer\">if you are late repaying a loan<\/a>, you will incur interest on the loan, plus any applicable fees (late fees, NSF, etc). <strong>Always<\/strong> review your payday loan agreement before signing and ask if anything seems unclear.<\/p>\n<p>GoDay offers consumer education information about payday loans.\u00a0 <a title=\"GoDay Customer Education \" href=\"https:\/\/goday.ca\/education\" target=\"_blank\" rel=\"noopener noreferrer\">Learn More here<\/a>. View the Ministry of Consumer Services poster below, or you can <strong>download a copy for yourself by clicking\u00a0<a href=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2014\/03\/2014.Educational.Poster.pdf\">here<\/a>. <\/strong><\/p>\n<p>&nbsp;<\/p>\n<h6 style=\"text-align: center;\"><a href=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2014\/03\/2014-Educational-Poster-.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2014\/03\/2014-Educational-Poster-.png\" alt=\"2014 Educational Poster Payday Loan\" width=\"474\" height=\"617\" \/><\/a>This poster is required under the <em>Payday Loans Act, 2008.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Payday Loans Canada | GoDay.ca Beginning April 1st, 2014, the Ministry of Consumer Services is making it mandatory for all payday loan companies in Ontario to have this poster visible to all customers, whether in store or online. Please note that this will not change anything if you are lending from a provincially compliant lender [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Payday Loan Industry Update: Please Read<\/title>\r\n<meta name=\"description\" content=\"Beginning April 1st, 2014, the Ministry of Consumer Services is making it mandatory for all payday loan companies in Ontario to have this poster visible.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/goday.ca\/blog\/payday-loan-industry-update-please-read\/\" \/>\r\n<meta property=\"og:locale\" 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