Magical Credit Offers Short-term Loans After Bankruptcy in Nunavut!

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Personal Loans After Bankruptcy in Nunavut

Getting approved for a loan after bankruptcy is a near impossibility. From taking out a mortgage after bankruptcy, to buying a house after bankruptcy, to getting a car after bankruptcy, only nifty financial tight-rope walking will get you what you’re looking for.

If you’re aiming to rebuild your credit score so you can move on with your life after bankruptcy, Magical Credit’s loans for bad credit applicants extend to those recently discharged from bankruptcy.

I want to borrow:

< $2000 >
$2,000
Min
$10,000
Max

Why to Take Out Short-Term Loans After Bankruptcy in Nunavut:

  • Financing a car: Getting a car after bankruptcy will make the even most passionate car lover consider spending the rest of their commuting life on a bicycle. Magical Credit offers loans after a discharged bankruptcy so your travels will be spent on four wheels instead of two.
  • Purchasing a home: Successfully procuring a mortgage after bankruptcy is low percentage at best. But, you can prove to creditors that you’re a trustworthy borrower by successfully paying off one of our personal loans. So, buying a house after a bankruptcy isn’t out of the question.
  • A second chance: Borrowing after bankruptcy will test your patience, particularly if you’re dealing with banks. Financial institutions see you as a liability instead of a person. However, our bankruptcy loans in Nunavut will give you the second chance you deserve!
  • Rent: Landlords run credit checks on rental applicants, and your credit after bankruptcy doesn’t paint you as an exemplary rental candidate. Paying off one of Magical Credit’s loans after bankruptcy will help rebuild your credit score, and prove that you’re a desirable tenant!

FAQs: Bankruptcy Loans in Nunavut

Will taking out a loan after bankruptcy help me rebuild my credit score?

Provided you pay off the loan with above minimum payments, a loan after bankruptcy could help rebuild your credit score.

I have a recently discharged bankruptcy, will Magical Credit consider me for a short-term loan?

Yes—as long as you have no current bankruptcies or consumer proposals, as well as not having any other loans in collections, you may be considered for one of our short-term loans.

Since I’ve just been discharged from my bankruptcy, I’ll be paying a premium in interest, right?

Not at all! All of our loans only charge a 3.9% monthly interest rate.

How long after bankruptcy can I buy a house?

We can’t give you a definitive answer. But buying a house after bankruptcy means spending a lot of extra time learning ways to rebuild your credit score.


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.