Magical Credit Blog

If you are a prospective borrower in the Internet age, there is more than one way to access debt financing. Read More

Financial literacy is a simple, yet complex concept. The paradox comes from the notion that the practice of money management is theoretically easy to implement, but difficult to exercise and maintain consistently over long periods of time.

One of the foundational personal finance lessons is to create a budget and abide by it to track inflows and outflows effectively. However, developing a budget is not entirely straightforward and there are certainly some mistakes made in the process, especially by novices. This article aims to highlight some of the most common mistakes and provides suggestions to mitigating them to advance towards a more prosperous, financially literate lifestyle.

At some point in our lives, most of us will apply for a loan of some type, whether it be a personal loan, or a mortgage or a start-up loan for a new business. While technology has significantly improved our ability to evaluate the offerings available to us and apply, there are still mistakes that can be made in the process that can be financially detrimental. Loans normally are taken out for large purchases such as a house, car or other such investment or expense. Therefore, it is important to be even more diligent when making such a big-ticket purchase to avoid unwanted consequences at a later stage.

Introduction Borrowing money from institutional lenders such as banks can often be a lengthy process. Read More

Introduction Newcomer loans are defined as debt that is extended to people who have arrived into the country not too long ago as landed immigrants. Read More

Having bad credit sets invisible limitations on the quality of your day-to-day life. Check out our guide to getting the monkey off your back through smart credit management.