Personal Loans in Yukon for Bad Credit Applicants - Apply now in 5 minutes or less!

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Take Out a Bad Credit Loan if You Need Money Fast!

Your poor credit means your loan application with the bank will be rejected, making your FICO score even worse.

And payday loans? You’ll be in debt for a decade trying to pay off the interest, never mind the inflated premiums for paying your loan off early.

Cut out the nonsense and wasted time, and apply for a bad credit loan from Magical Credit!

Our short-term loans are designed for bad credit applicants, because we don’t solely weigh our candidates’ credit scores and incomes. By collecting an income of at least $600.00 a month – through employment income, government benefits, pensions, or insurance – you may be eligible!

Planning your monthly bad credit loan payment is easy, just calculate your schedule with our personal loan calculator!

I want to borrow:

< $2000 >

Why Might You Need a Bad Credit Loan in the Yukon?

  • Rent – Missed rent payments will leave you out in the cold (and it’s really cold here!). If you’re behind on rent and you have bad credit, take out a Magical Credit bad credit loan.
  • Transportation – From automobiles to snow mobiles, vehicles need to be fully functioning for the sake of your safety. If you’re low on funds and the bank won’t loan to you, take out a bad credit loan for your vehicular maintenance needs.
  • Debt Consolidation – Credit card debts, mortgages, car insurance, hydro, and cable bills can get out of control in the blink of an eye. Take out a bad credit loan for debt consolidation in the Yukon to help control the chaos.
  • Electronics Repair/Replacement – A small, bad credit loan from Magical Credit can help fix/replace your malfunctioning electronics—even if you’ve just been discharged from a bankruptcy!

Bad Credit Loans in the Yukon - FAQs

I’ve just been discharged from bankruptcy and my credit is awful—am I still eligible for a loan?

Yes—as a high-risk lender, we assess applicants based on their overall report of credit instead of their credit scores. 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.

I have bad credit and I’m unemployed—will I still be considered for your bad credit loans?

Yes—our loans are available to applicants collecting government subsidies or any income from pensions or maternity benefits, as long as they are direct deposited.

Can I borrow $40,000 to pay off a previous consumer debt?

No—the most we’ll loan is $10,000.

Will my bad credit increase your interest rates if my application is accepted?

No—as a high-risk lender, we specialize in loans for bad credit applicants, so our rate is 3.9% a month for every loan.

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
1 Year
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
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.