You’ve probably heard half a dozen horror stories regarding debt collection. Demanding calls at almost all hours of the day, being contacted at work, or learning that your references are being called constantly is a common occurrence in the collections world. While this might not make those of you who are in “collections world” feel much […]
Thinking about making the switch to a new bank? Though we could tell you the “frugally obvious bottom line ” (aka: look for no fee EVERYTHING), there is way more to shopping around for a new bank than one might think. This counts for double if you’re in a transitional stage in life (college, marriage, […]
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’t exactly fit every nation’s respective payday loan industry accurately. Criticisms of the industry in the U.K, where regulation is quite loose, can’t be applied to the Canadian […]
As a payday loan borrower, you have some excellent rights and protection afforded to you in the province of Ontario (some of the best in the industry throughout the world!). We’re all about customer education, transparency and responsible lending at GoDay.ca, which means we want to help you understand your rights and responsibilities before entering […]
With so many payday loan companies online, it can be hard to know who to choose. When you’re ready to apply, the team here at GoDay.ca believes that your application process needs to be speedy, smart & secure. You want to choose a direct payday lender, one that has it’s valid provincial license, that displays it’s fees simply […]
Is a cash advance the same everywhere? The annoying answer is both yes, and no. Yes, because the bottom line is you get advanced cold, hard cash, but also no, because there are different sources of cash advances. What are some examples? -You advance yourself cash off of your credit card. -Your spouse requests an […]
Money is so serious & we’ve all blown off steam about the stress it causes in one way, or another. The net has no shortage of snarky e-cards for any topic, but money in particular get a lot of attention. Some of what we saw was definitely NSFW, but what we did find we’re sure […]
Did you recently apply for some form of credit and was denied, though you’re almost 100% sure you shouldn’t have been? If you haven’t reviewed your credit report for a year or more, this kind of circumstance would be the ideal time to order yourself a free report and scan it over. If you’re confident […]
We have it pretty great in Canada – public health care, a claim on the largest in-land bodies of water in the entire world, we’re the U.S.A’s largest trading partner…you get the point. But, we definitely have some things to complain about, and one of them is the cost of some of our most desired […]
British Columbia: The APR on a $300.00 loan for 14 days in BC is 365% at the rate of $14.00 per $100 borrowed. Online BC Payday License # 67513.
Ontario Residents: The cost of borrowing at GoDay.ca is $14.00 per $100.00 for each $100.00 advanced. On a $500.00 loan for 14 days, the cost of borrowing is $70.00, with a total payback amount of $570.00 and an annual percentage rate of 365%. The maximum allowable cost of borrowing under payday loan agreements is $14.00 for each $100.00 advanced.
New Brunswick Residents: The maximum charges permitted for a Payday Loan is 14% of the principal. We charge $14 per $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $42, with a total payback amount of $342 and an APR of 365%.
Nova Scotia Residents: The total cost of borrowing $100.00 for 14 days is $14.00. Payday Loans are High Cost Loans.
Saskatchewan Residents: The maximum allowable cost of borrowing under payday loan agreements in Saskatchewan is $14 per $100 borrowed. We charge $14 per each $100 borrowed. On a $300 loan for 14 days, the total cost of borrowing is $42, with a total payback amount of $342 and an APR of 365%.
Manitoba Residents: The APR on a $300.00 loan for 12 days is 425.83% on a rate of $14.00 per $100.00 borrowed. To learn more about your rights as a payday loan borrower, contact the Consumer Protection Office at 1-204-945-3800, 1-800-782-0067 or at www.manitoba.ca/cca/cpo.
Alberta Residents: The APR on a $300 loan for 42 days is 121.67% for a borrower who is paid weekly on a rate of $14.00 per $100 borrowed.
PEI Residents: The cost of borrowing at GoDay.ca is $14.00 per $100.00 per each $100.00 advanced. On a $300.00 loan for 14 days, the cost of borrowing is $42.00, with a total payback amount of $342.00. The maximum allowable cost of borrowing under payday loan agreements is $14.00 per each $100.00 advanced.
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.
