From an outgoing credit card balance, to business loans you just couldn’t keep up with, there’s plenty of reasons you may have bad credit. Getting a loan from the bank just won’t happen, and payday lenders will be salivating at the scent of a vulnerable borrower.
Magical Credit specializes in online loans for bad credit applicants. If you’ve hit a few financial bumps in the road, but you’ve been discharged from any bankruptcies and consumer proposals, you may be considered for one of our bad credit loans.
Don’t make your bad credit worse by missing loan repayments. Calculate your schedule with our personal loan calculator!
Yes—we accept applicants who’ve been discharged from bankruptcies, as long as they’re receiving an income of at least $600 a month via direct deposit. Please note, we won’t accept applications if you have other loans in collections.
Yes, you can get a loan with bad credit. In fact, we specialize in online loans for bad credit applicants! As a high-risk lender, we weigh your overall report of credit instead of just your credit score.
Provided your EI payments are direct deposit and you’re collecting at least $600, you may be eligible for one of Magical Credit’s bad credit loans.
No—we only loan up to $10,000. But you can apply for a $10,000 loan, and seek the rest of the money elsewhere.
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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