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Bad Credit Loans in North West Territories

Bad credit history is a big, black mark that will follow you around every single time you try to take out a loan from a big bank. However, at Magical Credit, we offer bad credit loans irrespective of past credit history for people who need them!

Magical Credit offers the best bad credit loans in NWT for those with a poor credit score or non-traditional income streams. We guarantee you’ll hear back from us within 24 hours!

Need a bad credit loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, bad credit loan calculator!

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why You Might Need a Bad Credit Loan

  • Rebuild Your Credit – Paradoxically, the only way to build you credit score back up is to take on another loan and pay it back on time. However, getting that loan can be next to impossible for those with bad credit history. Magical Credit specializes in providing NWT bad credit loans for people who need them.
  • Consolidate Debt – If you’re in debt to multiple creditors, keeping track of your payments and different interest rates makes digging out of debt even harder. With our NWT bad credit loans, you can pay off those other loans and only have to pay back one lump sum to us.
  • Health Costs – If unexpected health emergencies arise that aren’t covered by the Northwest Territories Health Care Plan, then a bad credit loan in NWT from Magical Credit will be there to help you through that ordeal.
  • Emergency Repairs – If your heater breaks in the middle of winter, then you and your family could be in danger. When you need fast money with bad credit to deal with such hazardous situations, you can always to turn to a bad credit loan in NWT from Magical Credit.

NWT Bad Credit Loans FAQs

I applied an hour ago. How long does it take to get an email confirmation?

Once you submit your application for a bad credit loan in NWT, a representative will get back to you within a maximum of 24 business hours.

Is it guaranteed approval?

We do not guarantee approval for bad credit cash advances, seeing as every case is different – but that doesn’t mean you’re ineligible for a bad credit loan with bad credit.

We accept working income, as well as government subsidies, as long as you are receiving a minimum of $600.00 a month in addition to direct deposit income. A denial would be the result of current bad credit default on loans, loans in collections, or current bad credit.

I live in the Northwest Territories, can I still get a bad credit loan?

Yes- the only provinces or territories we do not lend to are Quebec, Manitoba, and Saskatchewan.

Do you help people with bad credit in the Northwest Territories?

Yes, we are a high-risk lender! And that includes loans for bad credit in NWT. We don’t go off your credit score, but your overall report of credit. So, we consider other variables like current loans in collections.


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!

Our loans are considered short-term loans and have up to a 12-24 month term with an interest rate of 3.9% per month.
Loan Example
Term
1 Year
APR
56.50%
Amount
$2,000.00
Fees
$194.00
Interest Rate (46.8%)
$936.00
Total Cost of Borrowing
$1,130.00
Total Due End of Term
$3,130.00
NOTE: You can pay off your loan at any time with no penalty.
You will only pay interest up to the date you borrow it.
Terms and Conditions: (APR 23% min - 59.7% max) Loan amortization is between 12-24 months. 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 with impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.