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BC Payday Loan Licence

Mr. Payday is a licensed lender in the province of British Columbia.
Licence # 50031 Expiry date: 2013-10-31
Maximum charges permitted in BC for a payday loan: 23% of the principal.
We charge: 21% of the principal.
For a $300.00 loan for 14 days:
Total cost of borrowing = $63.00
Total to be repaid = $363.00
Annual Percentage Rate = 599.44%
This information meets the requirements of the Business Practices and Consumer Protection Act.