Magical Credit Blog

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.

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.

"Disclaimer: Please note that while Magical Credit is not a Payday Alternative Lender, it offers excellent, cost-effective alternatives to payday loans. Read More

Introduction Newcomer loans are defined as debt that is extended to people who have arrived into the country not too long ago as landed immigrants. Read More

Having bad credit sets invisible limitations on the quality of your day-to-day life. Check out our guide to getting the monkey off your back through smart credit management.

Applying for an unsecured personal loan can be a complicated process - especially if you have less than perfect credit. Our simple guide walks you through the process of qualifying for a personal loan step by step.

Whether you're just old enough to begin understanding the financial world and its complexities, or you’re at the age where you truly appreciate the importance and responsibility of making wise monetary decisions, one word that has been there by your side through thick and thin is savings. You’ve either had it force-fed to you for as long as you can remember, or you are currently force-feeding it to someone else, but regardless of your position, what exactly are savings, why is it important and how can we achieve it?