Magical Credit Blog

Subscribe and get the latest news, promotions and updates from Magical Credit.

Loan Agreement Essentials

A loan agreement is a contract between two parties – a lender and a borrower – that governs the loan being extended by the lender to the borrower. Read More

Long Term Thinking

There is no question as to the level of unprecedented stress that Covid-19 has brought to our everyday lives. Whether it is strain related to finances, jobs, school, students, children, etc. each of us is faced with different challenges that were unforeseen. On the other hand, many of us have been able to draw upon hidden strengths and skills that we may never have otherwise knows existed within us. At the end of this saga, we will hear stories about amazing parents, co-workers, teachers, doctors, nurses etc., but what about our own futures?

Read More

Digital Banking and the Future

by Kevin Silver

The image once created in our minds when we think of the word banking is not the same for everyone. Especially when looking at generational differences, some may think of a bank in terms of brick-and-mortar while others see its’ sole existence through their computer or mobile phone. 

Read More

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.

Read More

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.