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 loans for bills payment and consolidation loans in just 5 minutes!
Need a personal loan to pay off bills, 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!
If you’re in need of a loan to help you with bill payments in any of the following provinces, we can help. Apply now!
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.
Although we can’t guarantee approval for loans for bill payment – 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 $1,200 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.
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.
As long as you’re receiving a minimum of $1,200.00 monthly, and your income is direct deposit, you may qualify for a bill payment loan with us. All you have to do is fill 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.
Our interest rate is 3.9% monthly.
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 a 12-60 month term with a fixed interest rate of 3.9% per month.
Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.
NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.