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Please be aware Magical Credit will not request you to send any upfront fees in order to get a loan from us. If you are contacted by anyone requesting this by email, text or phone, please call us immediately at 1-877-213-2088.

Need Help Paying Bills? Get Approved for a Bill Payment Loan in 5 Minutes or Less!

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Bill Payment Loans in Canada

As life goes on, so does the list of everyone you owe money to. Internet? Hydro? Phone? Not only is it difficult getting the money to pay back all the debt you owe, it’s extremely stressful trying to keep track of everyone you owe money to! Wouldn’t it be nice to take that extra stress out of your life?

For debt consolidation and any kind of bill payment loans, let Magical Credit extend a helping hand. We look past your bad credit to help you get your life back on track. Best of all, you can be approved for your bill payment and consolidation loans in just 5 minutes!

Need a bill payment 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!

I want to borrow:

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

Why You Might Need a Bill Payment Loan

  • Hydro and electric bills – Be honest – have you ever thought twice about turning on your heating or AC in the house in futile attempts at keeping your electric bill as low as possible? Does it sound right that you can’t be comfortable in your own home? Luckily, this is a responsible way of being comfortable first, and thinking about the payments later.
  • Phone and internet bills – It’s pretty cold in this country, so the only surfing you can be doing is on the internet. So surf away my friend, surf away.
  • Weddings, vacations, or moving – For the help with bill payments that will move your life forward, you shouldn’t have to wait. Want to get married? Need a vacation? Need to relocate? You do your thing, and we’ll help make it happen!

Bill Payment FAQs

I applied an hour ago. How long does it take to get an email confirmation? A- Once an application for a bill payment loan has been submitted, a Magical Credit representative will get back to you within a maximum of 24 business hours.
Is it guaranteed approval? Although we can’t guarantee approval for a bill payment loan – seeing as each case is different – bad credit doesn’t mean that you are immediately ineligible. We do consider working income, government subsidies, and if you’re making $600 monthly, in addition to a direct deposit income. A denial would be a result of current consumer proposal default on loans, loans in collections, or bankruptcy.
Do you help people with bad credit? A- Absolutely! We are a bad credit loan lender! That would include short term loans or long term loans, bill payment loans for debt consolidation or any other kinds of loans to pay bills. Therefore, we consider current consumer protocol, bankruptcy, and current loans in collections.
What’s the process to get a loan? A- As long as you’re receiving a minimum of $600.00 monthly, and your income is direct deposit, you may qualify for a bill payment loan with us. All you have to do is fill fill out our online application! It takes approximately 5 minutes to complete. A loan officer will respond to you within one business day. Keep in mind, that although we don’t go off your credit score, we do take your overall credit report into account.
If I can only get approved for less than what I applied for, will I be notified? Or is it just a ‘no’? A- We’ll let you know if you qualify for a smaller bill payment loan, too.

Need a bill payment 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.