Magical Credit Blog

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I Need Money Now! 7 Easy Ways to Get Money Fast

Life is unpredictable. Things can happen in the blink of an eye wherein you may be forced to dip into your savings to cover unforeseen expenses. But whether you have an emergency requirement or are simply looking to pad your income, the advent of technology has opened up plenty of new opportunities to make and/or receive money on accelerated timelines. Over the course of this article, we will illustrate 7 potential ways to gain funds for people who need money ASAP.

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Money Management Tips

Financial literacy is a simple, yet complex concept. The paradox comes from the notion that the practice of money management is theoretically easy to implement, but difficult to exercise and maintain consistently over long periods of time.

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Top 11 Budgeting Mistakes

One of the foundational personal finance lessons is to create a budget and abide by it to track inflows and outflows effectively. However, developing a budget is not entirely straightforward and there are certainly some mistakes made in the process, especially by novices. This article aims to highlight some of the most common mistakes and provides suggestions to mitigating them to advance towards a more prosperous, financially literate lifestyle.

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Most Common Loan Application Mistakes

At some point in our lives, most of us will apply for a loan of some type, whether it be a personal loan, or a mortgage or a start-up loan for a new business. While technology has significantly improved our ability to evaluate the offerings available to us and apply, there are still mistakes that can be made in the process that can be financially detrimental. Loans normally are taken out for large purchases such as a house, car or other such investment or expense. Therefore, it is important to be even more diligent when making such a big-ticket purchase to avoid unwanted consequences at a later stage.

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Our loans are considered short-term loans and have up to a 6-60 month term with an interest rate ranging from 3.4%-20% per month.

Example: $1,500 borrowed for one year at 3.4% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.

NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.