Just Discharged from Bankruptcy? Take Out a Bankruptcy Loan in the Yukon!

Apply Now

Personal Loans After a Discharged Bankruptcy in the Yukon

Getting approved for a loan is unbelievably difficult after you’ve been discharged from a bankruptcy.

From taking out a mortgage to getting a car, you must show creditors and lenders that you’re a reliable borrower.

If you need to rebuild your credit score, Magical Credit is a high-risk lender specializing in bankruptcy loans for bad credit applicants—including those recently discharged from bankruptcy.

I want to borrow:

< $2000 >

What Personal Loans in the Yukon Can Offer After a Discharged Bankruptcy

  • Financing a Car – Getting a car after bankruptcy will make the most avid driver consider becoming a career pedestrian. Magical Credit’s loans improve credit scores after bankruptcy, so you’ll be considered for a lease, and you’ll have cash to put money down for your next vehicle.
  • Purchasing a Home – Successfully taking out a mortgage after bankruptcy is like Greek mythology, where heroes perform superhuman feats no mortal can mimic. But a promptly paid-off loan will help rebuild your credit, so you can be a hero in your own home.
  • A Second Chance – Borrowing after bankruptcy is agonizing—especially if you’re relying on banks. Financial institutions see you as a number, and your previous bankruptcy makes you a low number. However, our bankruptcy loans in the Yukon offer the second chance you deserve.
  • Rent – Landlords run credit checks on rental applicants, and a discharged bankruptcy doesn’t paint you as an exemplary rental candidate. Improve your credit after bankruptcy with a Magical Credit bankruptcy loan, and become a desirable tenant.

FAQs: Bankruptcy Loans in the Yukon

Do you suggest applying for a loan after being discharged from bankruptcy?

It depends. No applicant’s finances are alike, but by taking out a short-term loan and paying it off quickly, it helps rebuild your credit score by displaying a proven debt repayment history.

I am almost discharged from my bankruptcy, will I be eligible for a bankruptcy loan?

No—we only lend to applicants once they’ve been discharged from a bankruptcy.

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.

I collect monthly pension payments via direct deposit, will I be considered?

Maybe—while we accept traditional employment incomes and non-traditional income-sources such as pensions, you need to be collecting at least $600 per month to be considered for a Magical Credit 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.