Why Are Credit Cards Worse Than Personal Loans?
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
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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.
Read MoreBusinesses 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.
Read MoreIn 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.
Read MoreTeaching your children the value of money is an underrated aspect of parenting. While the initial focus is all on manners and kindness, financial habits are an equally crucial component of raising a responsible adult.
Read MoreIntroductionIn today’s consumer landscape, credit scores are amongst the most important variables that can have a significant impact on your financial future. Read More
A private lender is one who is not associated with a traditional lender such as a bank or other such financial institution.
Read MoreDisclosures:
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.
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.
