Magical Credit Blog

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

Savings Guide: How to Save Money in Canada

by Kevin Silver

Whether you're just old enough to begin understanding the financial world and its complexities, or you’re at the age where you truly appreciate the importance and responsibility of making wise monetary decisions, one word that has been there by your side through thick and thin is savings. You’ve either had it force-fed to you for as long as you can remember, or you are currently force-feeding it to someone else, but regardless of your position, what exactly are savings, why is it important and how can we achieve it?


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 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. 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, 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 $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412. BC License#85919.

The Loan must be paid in full by the end of term, no extensions or exceptions, 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.

1375 people applied for a loan with us in the last 7 days
167 people applied for a loan with us in the last 24 hours