Take 5 Minutes and Apply for A Bad Credit, Bankruptcy Loan in Saskatchewan!

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Where Can I Get a Loan After Bankruptcy?

After you’ve been discharged from bankruptcy, getting a bad credit loan in Saskatchewan is as likely as becoming the starting quarterback for the Roughriders.

You want to make a fresh start with your credit, but you can’t get approved for a credit card to build up your repayment history. Banks will laugh you out of the building if you even try applying for one of their loans, and payday loan companies will push you further in debt.

Fortunately, Magical Credit offers flexible bankruptcy loans for bad credit applicants in Saskatchewan – apply today in 5 minutes or less!

Not sure you can keep up with the bankruptcy loan repayment terms? Calculate your monthly loan payment schedule with our personal loan calculator!

I want to borrow:

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

How Magical Credit’s Bankruptcy Loans Can Offer a Fresh Start

Rebuild Credit – Your credit’s done its own impression of the Regina tornado of 1912, but all is not lost! If you take out our bankruptcy loans and make prompt payments over the minimum, you’ll see yourself through this fiscal cyclone!

Buy a Car – Auto loans or personal loans in Saskatchewan are tricky to lock down after bankruptcy. But you can’t hitchhike down Highway 2. A bankruptcy loan from Magical Credit will keep you away from the despair that is the STC.

Bills – You know what’s more stressful than the reality of your credit score after being discharged from bankruptcy? A collections agent hunting you down for bill payments. You can either go into hiding, or take out a bankruptcy loan.

See the Dentist – The dentist is kind of like a collections agent, in that they’ll keep calling until you schedule a visit. A bankruptcy loan can allot you the funds to put you in the dentist’s chair, so you can stop screening phone calls.

Saskatchewan Bankruptcy Loan FAQs

Is it really wise to be borrowing money after bankruptcy?

While every situation is different, being approved for loans or a credit card after bankruptcy is unlikely. Since we specialize in loans for bad credit applicants, Magical Credit offers a fresh start. If you pay off your debts promptly, your credit rating will improve, and you’ll show other lenders and banks an improved creditworthiness.

Will you consider me for a bankruptcy loan if I’m currently unemployed?

Yes—applying for a loan after bankruptcy while unemployed is difficult. That’s why we accept traditional and non-traditional sources of income; including government subsidies (e.g. EI, CPP, baby bonuses), pensions, and maternity benefits. By receiving a monthly income of $600.00 into your bank account via direct deposit, you’ll be considered for our short-term loans in Saskatchewan.

What terms do you offer for your bankruptcy loans?

We offer loan terms from between 6 – 24 months.

Will I be paying extra interest since I’ve been discharged from bankruptcy?

No—we offer a 3.9% monthly interest rate for all of our loans.

If I don't qualify for one of your loans, will I be offered something else?

Yes, we’ll let you know if you’re eligible for a smaller amount.


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.