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Bill Payment Loans in British Columbia

Ahh, there’s nothin’ better than summer, especially not in beautiful British Columbia! Queen Elizabeth Park welcomes more weddings than it does tourists, people go on vacations that they’ve been waiting for all year, and everything seems picture perfect! That is, until you need help with bills and expenses.

Whether it’s for a wedding, a vacation, or something less exciting like a phone or internet bill, these joyous times are when you need help paying bills. Trying to come up with all the money, plus keeping track of everyone you owe money to, can be stressful. It’s no wonder so many people need debt help in BC!

Magical Credit offers bad credit bill payment loans to pay bills, or consolidate your debt payments. Best of all, you can be approved for a bad credit loan in just 5 minutes!

I want to borrow:

< $2000 >
$500
Min
$10,000
Max

Why You Might Need a Bill Payment Loan in BC

  • Hydro and electric bills: A beautiful day outdoors means a scorcher indoors. When your hydro and electricity bills start adding up, take out a bill payment loan with Magical Credit to consolidate your debt.
  • Phone and internet bills: A summer in BC means impromptu BBQ’s with your friends in Stanley Park, or tandem bike rides with a special someone on the seawall. You need to be ready so you don’t miss out on any summer fun! So, if you need help paying bills like these, that’s where we come in.
  • Weddings, vacations, or moving: Like we said, summer is a time for change, and a time for vacations. Even a vacation to Nanaimo can be expensive, between the ferry, the hotel, and the excessive number of Nanaimo bars you will inevitably be enjoying. If you find yourself saying, ‘maybe next year’, give us a call, and let’s discuss a short-term loan that works for you.
  • Debt Consolidation: Need a loan to pay bills, or to consolidate all your pesky payments into one, easy to manage, monthly bill? We’ve got you covered.

Bill Payment Loans FAQs

How long after I submitted an application will I know if I have been accepted?

After you submit an application for a bill payment loan, a Magical Credit representative will get back to you within 1 business day.

How long after I have been accepted will I receive the payment?

We will do our best to get your bill payment loans to you as quickly as possible.

I need a bill payment loan to help with bills and debt consolidation. Will I definitely be approved?

Although we can’t guarantee approval for a payment loan – seeing as each case is different – bad credit doesn’t mean that you are immediately ineligible. We do consider other relevant factors, such as working income, and government subsidies. As long as you are making $600 monthly, in addition to direct deposit income, you may qualify. A denial would be a result of current consumer proposal default on loans, loans in collections, or bankruptcy.

How much can I apply for?

Magical Credit can offer bill payment loans between $500 to $10,000, depending on your income.


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.