Top Money-Saving Tips for Single Parents
The life of a single parent isn't always easy. Read More
Magical Credit Blog
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6 Common Things Canadians Waste Money On
We're all free to spend the money we earn however we see fit, buying the things that bring us pleasure, saving up for future investments, or simply blowing it all on the latest gadgets and fancy vacations. Read More
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
Are Express Loans Really Fast?
Express loans are defined as personal loans that can be requested and approved quickly, typically through an online platform. 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 MoreCOVID-19 outbreak. How can Magical Credit help you?
Nowadays the world can feel more divided than ever before with everyone being asked to quarantine in their homes until the COVID-19 pandemic has passed. Read More
Understanding the Emergency Response Benefit (CERB)
The new COVID-19 pandemic originating in Wuhan, China broke out in early December into the rest of the world has now left no corner of the world untouched. 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.
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.
