Magical Credit Blog

Subscribe and get the latest news, promotions and updates from Magical Credit.

Digital Banking and the Future

by Kevin Silver

The image once created in our minds when we think of the word banking is not the same for everyone. Especially when looking at generational differences, some may think of a bank in terms of brick-and-mortar while others see its’ sole existence through their computer or mobile phone. 

Read More

I Need Money Now! 7 Easy Ways to Get Money Fast

Life is unpredictable. Things can happen in the blink of an eye wherein you may be forced to dip into your savings to cover unforeseen expenses. But whether you have an emergency requirement or are simply looking to pad your income, the advent of technology has opened up plenty of new opportunities to make and/or receive money on accelerated timelines. Over the course of this article, we will illustrate 7 potential ways to gain funds for people who need money ASAP.

Read More

Money Management Tips

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.

Read More

Top 11 Budgeting Mistakes

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.

Read More

Our loans are considered short-term loans and have up to a 6-60 month term with an interest rate ranging from 3.4%-20% per month.

Example: $1,500 borrowed for one year at 3.4% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.

NOTE: 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.