Debt After Death in Canada
by Kevin Silver
Dealing with the loss of a loved one is hard enough without having to worry about who’s on the hook for the debts they left behind. Read More
Magical Credit Blog
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Personal Finance Tools that Can Boost Your Credit Score
by Kevin Silver
There are no shortcuts to improving your credit – it’s a time-consuming process regardless of which path you take. Read More
Millennial Money: Why Generation Y are Financially Worse Off Than Their Parents
by Kevin Silver
It’s no secret that millennial home buyers are at a disadvantage when trying to buy their first home. Read More
How to Apply for a Loan with Your Canada Child Benefit
by Kevin Silver
The Canada Child Benefit (CCB) is a tax-free, monthly payment to eligible families that help with the costs of raising children under 18 years old. Read More
Fitness on a Budget: Burning Calories Without Burning Through Your Savings
by Kevin Silver
Having provided short term loans in Canada for as long as we have, we’ve seen many people hit rough financial patches. Read More
Don’t Be Fooled by These Financial Falsehoods
by Kevin Silver
April Fools is a terrifying day filled of trolling and treachery. Read More
Is the Minimum Wage Hike Good for Ontario?
by Kevin Silver
We’re a couple of months into the ambitious minimum wage hike imposed by Ontario’s provincial government, and it’s garnering both positive and negative responses. 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. AB License #349796 and BC License #83626
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.
