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Bankruptcy Loans in North West Territories

Rebuilding your life following a bankruptcy is as hard and treacherous as trying to traverse the wilds of the territories in the winter. Luckily, when every other lender turns you down, Magical Credit’s bankruptcy loans in NWT are there to help build your credit back up.

Magical Credit offers the best bankruptcy loans in NWT for those with a poor credit score or non-traditional income streams. Our online application form only takes 5 minutes to complete and we guarantee you’ll hear back from us within 24 hours!

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

I want to borrow:

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

Why You Might Need a Bankruptcy Loan

  • Rebuild Your Credit – After a bankruptcy, it’s important to get back on that horse and build your credit score back up. Magical Credits NWT bankruptcy loans can help you clear off any remaining debt and get you started on the road back to solvency.
  • Pursue a New Business Opportunity – Don’t let strained financial circumstances prevent you from jumping onto a prime new business opportunity. While big banks will hold your past bankruptcy against you, Magical Credit’s NWT bankruptcy loans are made with people like you in mind.
  • Bill Payments – The last thing your fragile credit score needs is missed bill payments on your records. If you struggle to meet bill payments, then a Magical Credit bankruptcy loan in NWT is your ticket to protecting your financial future.
  • Invest in Stock – Got a hot stock tip that’ll help erase your past bankruptcy? Get your hands on the capital needed to gain a large investment through Magical Credit’s NWT bankruptcy loans.

NWT Bankruptcy Loan FAQs

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

Once you submit your application for a bankruptcy 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 bankruptcy cash advances, seeing as every case is different – but that doesn’t mean you’re ineligible for a bankruptcy 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 consumer proposal default on loans, loans in collections, or current bankruptcy.

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

Yes, we are a bad credit loan lender! And that includes bankruptcy 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 consumer proposal, bankruptcy, and current loans in collections.

If I can only get approved for less than what I applied for, will I be notified? Or is it just a ‘no’?

We’ll let you know if you qualify for a smaller bankruptcy loan, too.


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.