Magical Credit Blog

In a nutshell, debt consolidation is the process of obtaining a single loan to pay off multiple smaller loans or debts owed. Read More

In simple terms, refinancing a loan simply means to replace an existing loan with a new one, ideally with a lower interest rate. A personal loan (also called a consumer loan) is any debt taken out by an individual from a lender such as a bank for personal, non-business purposes.

Christmas, New Year and Hanukkah. Read More

There always tends to be a certain distaste for taking out personal loans generally because the idea of ever mounting debt takes people out of their comfort zones. Read More

Everyone deserves a time to get away from the hustle and bustle of office life as a salary worker, a worker in middle management or even upper management. While working is an essential part of our lives that we spend in order to keep ourselves and those precious to us fed and clothed, working is not the meaning of our lives. 

Businesses need capital for a variety of objectives. Growth, capital expenditures, acquisitions and working capital are just some of the many reasons that businesses will tap lenders to raise debt or other such facilities. But while there are many financing options available today, different options are suitable for different purposes. In this article, we will delve a little deeper into two such financing options: the conventional line of credit and the slightly less conventional merchant cash advance.

In September of each year, a nationwide phenomenon sweeps the retail store landscape in a manner similar to Black Friday or Christmas. Unlike those two though, this is not a single day of frenzied shopping. It is spread out over a few weeks starting early to mid-August. The phenomenon’s name is the Back to School season.