When it comes to your finances, the ultimate luxury is flexibility. Having a little wiggle room in your budget can help you put aside savings, contribute to debt relief, and even splurge on a new pair of shoes whenever you fancy. Unfortunately, for many Canadians, their finances aren’t as elastic as they would like. After crunching numbers, drafting a budget, and pinching pennies, they have just enough to cover regular expenses, like rent, insurance payments, and groceries. When anything out of the ordinary comes along, they can be left wondering how they’ll pay for their new responsibilities.
This scenario may not be unfamiliar to you. Though you pay your bills on time, sometimes you’re hit with additional charges you aren’t expecting. Your furnace can break down, and as winter begins across the country you can’t expect to live without essential heating. A job you underbid on can take longer to complete than you anticipated, but you still need to pay your crew. These aren’t frivolous, irresponsible shopping sprees, but necessary investments your current bank account can’t shoulder on its own.
For many Canadians, short term, low value loans (or payday loans, if you prefer) are a great way to cover unforeseen expenses like the ones mentioned above. A reputable lender, such as the financiers at GoDay, allows first-time customers as much as $500, making their financial products an ideal way to solve a small interruption in your cash flow. Though small in scope, these loans offer you that much-needed wiggle room to ease the stress on your finances. All you need to do is complete a quick, convenient online application, like you would find at GoDay.ca, with basic contact information to find out if you qualify.
Payday loans such as those offered by GoDay are practical and accountable cash flow solutions; however, they should never become a permanent fixture of your budget. A reputable lender can help you use these financial products responsibly in a number of ways. First and foremost, they should abide by provincial loan regulations. They should also conduct their business in a transparent manner, with clear and understandable contracts with no hidden fees. Lastly, they should have a membership with the Canadian Payday Loan Association (CPLA). Membership is only ever granted to those lenders that adhere to their Code of Best Business Practices, which is put in place to protect you, the consumer.
You should be able to find all of this information off of a lender’s website. If you can’t, it’s best to leave that particular company behind. Search out only those lenders you can trust in your time of need. Though you may not be able to foresee unexpected repairs or bills, you can expect to find practical financial solutions with payday loans.