Payday loans are very popular in Canada for a number of reasons. First, getting a payday loan is lightning fast. It takes only a few minutes to fill out an application. The application could be approved the same day and funds deposited into you the following day. Second, even bad credit is welcome since your ability to pay is more critical than an impressive credit history. Of course, it helps to have a good credit score. Nonetheless, let’s look at a few payday loan mistakes that, if you avoid them, could save you money.