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Cars are something that nearly all of us need to get to work, go to the grocery store or pick up the kids from school. However, automobiles, in general, have recently been edging onto the pricier side with vehicle prices hitting an all-time high in 2021 with the average car topping $40,000 for the first time according to CTV News.
Read MoreIn today’s world, it’s hard to get by without taking out a loan every now and then. Whether it’s for a credit card, an automobile loan or a mortgage, our modern lives demand access to easy credit. On the other hand, credit is a double-edged sword in more ways than one. While enabling us to purchase far more than we could before, it has also opened up more pathways to insolvency for many struggling with the financial burden.
Read MoreBorrowing money isn’t always the easiest decision. Many lenders offer large lump sums available for withdrawal which are quickly followed by large interest rates and fees if you prematurely pay off your loan. According to Statistics Canada, the household debt ratio to disposable income across the nation has risen to 170.7% as of the third quarter of 2020. Increasing costs of living have made this trend inevitable with the pandemic dealing a huge blow to Canadians in both their livelihoods and job security.
Read MoreWe all know the
feeling of rejection. You’re ready to put your life on the line,
you decide to face the challenge presented to you head-on. You may
have honest intentions and you may in fact be the perfect person for
that challenge. Yet still, you are rejected.
Having a failsafe that you can rely on in your time of need is now more important than ever. Whether your pay has been cut by your employer because of the fallout from COVID-19, your hours reduced or even eliminated or perhaps some emergency has taken place in which you need the extra cash.
Read MoreA budget is used by both individuals and institutions to estimate monetary inflows and outflows over a specified period of time in the future. Read More
In the society that we live in, bill payments are part and parcel of being a citizen. Read More
Disclosures:
Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR of 19.99% min - 35% max. On $1,500 borrowed for a 1-year term at 2.9% per month, the total cost of borrowing is $525.00. The total amount to be paid back with interest is $2,025.00. AB License #349796 and BC License #83626
NOTE: Our installment loans are open, so 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.
Magical Cash Loans - Ontario, British Columbia, Alberta, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $14.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $140.00. The total to payback is $1,140.00 which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919 AB License#358423.
The Loan must be paid in full by the end of the term, with no extensions or exceptions, and no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
