You need cash but have bad credit. You should just apply for a loan at one of Alberta’s fine banks, right?
No! Banks are very stingy with their money, and if you have anything short of good credit, they’ll show you the door. Plus, you’ll take a hit on your credit score for the effort.
Unfortunately, every loan you apply for is reported to the credit bureau, and too many rejected loan applications looks bad on your credit report. So instead of spamming loan applications, just make one – to Magical Credit.
Magical Credit specializes in loans for people with low credit scores. As long as you receive $600 a month via direct deposit to your bank account, we will consider you for a loan. Apply for a bad credit loan for up to $10,000 today!
Need a loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our personal loan calculator!
Magical Credit is a poor credit lender that specializes in personal loans for people with bad credit in Alberta. We have different criteria than banks – what we care about most is you having a steady income. As long as you receive at least $600 a month via direct deposit, we will consider you for a loan.
Yes, we accept alternative sources of income such as government subsidies and pension funds. As long as you receive $600 a month via direct deposit, we will consider you for a loan.
For a list of income types we accept, read our who qualifies page.
In order to apply, you must have the following:
Unfortunately, no. You must have a bank account.
Sorry, but no. Please speak with your employer or the institution you receive funds from to set up direct deposit.
No, Magical Credit has zero tolerance for payday loan defaults.
Yes, we will offer you an amount you are eligible for.
Need an emergency loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, personal loan calculator!
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