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.
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.
No—we only lend to applicants once they’ve been discharged from a bankruptcy.
Not at all! All of our loans only charge a 3.9% monthly interest rate.
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!
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