{"id":2837,"date":"2015-05-22T14:13:18","date_gmt":"2015-05-22T18:13:18","guid":{"rendered":"https:\/\/goday.ca\/blog\/?p=2837"},"modified":"2021-10-15T19:01:25","modified_gmt":"2021-10-15T23:01:25","slug":"payday-loan-truth","status":"publish","type":"post","link":"https:\/\/goday.ca\/blog\/payday-loan-truth\/","title":{"rendered":"The Absolute Truth About Payday Loans &#8211; Infographic"},"content":{"rendered":"<p>2015 has seen a <a href=\"https:\/\/goday.ca\/\" target=\"_blank\" rel=\"noopener\">lot of buzz around payday loans<\/a>, both in Canada and abroad. With the buzz has come quite a bit of negativity, negativity that doesn&#8217;t exactly fit every nation&#8217;s respective payday loan industry accurately. Criticisms of the industry in the U.K, where regulation is quite loose, can&#8217;t be applied to the Canadian industry, for example, never mind Ontario&#8217;s industry specifically.<\/p>\n<p>Though we understand that bad, out-dated practices have created a certain image for the payday loan industry, there are some myths that need to be clarified for the sake of everyone involved; consumer, legislators &amp; the payday loan companies themselves.<\/p>\n<p>Check out our latest infographic that tackles the top myths we encounter regularly. As a member of the <a href=\"http:\/\/www.bbb.org\/kitchener\/business-reviews\/payday-loans\/goday-in-toronto-on-1319657\" target=\"_blank\" rel=\"noopener\">Better Business Bureau<\/a> &amp; the <a href=\"https:\/\/canadiancfa.com\/\" target=\"_blank\" rel=\"noopener\">Canadian Payday Loan Association, GoDay.ca<\/a> is hoping to begin the transforming the industry to one that is trusted.<\/p>\n<p>For the sake of honesty and transparency for all, we hope the public mentality surrounding payday lending changes soon.<\/p>\n<p><a href=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2015\/05\/Truth-About-Payday-Loans.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-2838 size-full\" src=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2015\/05\/Truth-About-Payday-Loans-e1432318342418.png\" alt=\"Truth About Payday Loans\" width=\"890\" height=\"3376\" srcset=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2015\/05\/Truth-About-Payday-Loans-e1432318342418.png 890w, https:\/\/goday.ca\/blog\/wp-content\/uploads\/2015\/05\/Truth-About-Payday-Loans-e1432318342418-79x300.png 79w, https:\/\/goday.ca\/blog\/wp-content\/uploads\/2015\/05\/Truth-About-Payday-Loans-e1432318342418-768x2913.png 768w, https:\/\/goday.ca\/blog\/wp-content\/uploads\/2015\/05\/Truth-About-Payday-Loans-e1432318342418-270x1024.png 270w\" sizes=\"(max-width: 890px) 100vw, 890px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2015 has seen a lot of buzz around payday loans, both in Canada and abroad. With the buzz has come quite a bit of negativity, negativity that doesn&#8217;t exactly fit every nation&#8217;s respective payday loan industry accurately. Criticisms of the industry in the U.K, where regulation is quite loose, can&#8217;t be applied to the Canadian [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2838,"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>The Absolute Truth About Payday Loans \u2013 Infographic<\/title>\r\n<meta name=\"description\" content=\"There is a lot of misinformation surrounding payday loans. We want to set the record straight.\" \/>\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-truth\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"The Absolute Truth About Payday Loans - Infographic\" \/>\r\n<meta property=\"og:description\" content=\"There is a lot of misinformation surrounding payday loans. We want to set the record straight.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/goday.ca\/blog\/payday-loan-truth\/\" \/>\r\n<meta property=\"og:site_name\" content=\"GoDay Cafe\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/GoDay.ca\" \/>\r\n<meta property=\"article:published_time\" content=\"2015-05-22T18:13:18+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2021-10-15T23:01:25+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/goday.ca\/blog\/wp-content\/uploads\/2015\/05\/Truth-About-Payday-Loans-e1432318342418-270x1024.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"270\" \/>\r\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\r\n<meta name=\"author\" content=\"GoDay.ca Customer Education Team\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:title\" content=\"The Absolute Truth About Payday Loans - Infographic\" \/>\r\n<meta name=\"twitter:creator\" content=\"@GODAYca\" \/>\r\n<meta name=\"twitter:site\" content=\"@GODAYca\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GoDay.ca Customer Education Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/goday.ca\/blog\/payday-loan-truth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/goday.ca\/blog\/payday-loan-truth\/\"},\"author\":{\"name\":\"GoDay.ca Customer Education Team\",\"@id\":\"https:\/\/goday.ca\/blog\/#\/schema\/person\/5dd4477e7fa335c98b4ab9e4af1a2c3d\"},\"headline\":\"The Absolute Truth About Payday Loans &#8211; Infographic\",\"datePublished\":\"2015-05-22T18:13:18+00:00\",\"dateModified\":\"2021-10-15T23:01:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/goday.ca\/blog\/payday-loan-truth\/\"},\"wordCount\":172,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/goday.ca\/blog\/#organization\"},\"articleSection\":[\"Money\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/goday.ca\/blog\/payday-loan-truth\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/goday.ca\/blog\/payday-loan-truth\/\",\"url\":\"https:\/\/goday.ca\/blog\/payday-loan-truth\/\",\"name\":\"The Absolute Truth About Payday Loans \u2013 Infographic\",\"isPartOf\":{\"@id\":\"https:\/\/goday.ca\/blog\/#website\"},\"datePublished\":\"2015-05-22T18:13:18+00:00\",\"dateModified\":\"2021-10-15T23:01:25+00:00\",\"description\":\"There is a lot of misinformation surrounding payday loans. 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