Get Approved for a Bad Credit, Bill Payment Loan in Ontario

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Who doesn’t love living in Ontario? This wonderful province is home to one of the 7 Wonders of the World, as well as some of the greatest cities in the world!

Unfortunately, it’s also home to some of the most expensive cities in the world. Did you know that Ontario has some of the highest electricity rates in Canada?

Not to mention our climate is a roller-coaster. Our summers are hot and our winters are cold, and while it’s nice to spend a warm sunny day with an ice-cold beer in the Distillery District, sometimes, you want to relax in your air-conditioned home. And with electric bills being so expensive, you might need some bill payment loans to help pay or consolidate those piling electricity fees.

Don’t sweat it –  turn up the AC this summer and let us help with your bill payments.

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

Need a bill payment loan in Ontario, 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 Magical Credit Provides Ontario with Loans for Bill Payments:

  • Hydro and electric bills: This is a big reason that we offer so much debt help in Ontario. Unfortunately, it gets really cold here, but it also gets really hot here. Fortunately, we offer bill payment loans, for actual payment or for consolidation of debt.
  • Phone and internet bills: You’re at the ballgame, and just recorded Josh Donaldson smashing a home run on your phone. If you need to pay for the mobile data so you can share that video with your friends, bill payment loans in Ontario will keep you connected!
  • Weddings, vacations, or moving: Life is very costly, and the rising real estate market may have crushed your spirits. But important decisions like these shouldn’t wait. So, when you’re ready to make your vision a reality, we’ll be waiting to help you with bill payments.
  • Debt Consolidation:  Bill payment loans aren’t only for paying back your bills immediately. We provide Ontario-wide loans, so you can consolidate all your pesky payments into one, easy to manage, monthly bill.

Bill Payment Loan FAQs

I need debt consolidation for bad credit, so I applied for a short term cash loan online a couple hours ago. I still haven’t gotten a response. How long does it take to get an email confirmation?

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.

I don’t have a fax machine. Is it possible to apply without this progressive technology?

Yes. We haven’t used a fax machine in years, and we’re not expecting you to either. Everything is online. Magical Credit gives you the option to upload the necessary documents with your application.

I have bad credit, but I still need help paying bills. Do you offer bill payment loans for bad credit?

Yes! Whether you need debt consolidation, debt help, bill payment loans for bad credit, helping you out despite poor credit is what we take pride in! We take other things into account that most lenders won’t, giving you the help you need.

Seeing as you offer debt consolidation for bad credit, and payment loans for bad credit, does that mean I’ll definitely be approved?

Unfortunately, no. Each case is different, so we can’t say guarantee approval until you apply for a bill payment loan. We can say bad credit doesn’t mean that you are immediately ineligible. The basic guideline that determines eligibility for a loan would be that you make at least $600 monthly as income that goes directly into your bank account.  A denial would be a result of current consumer proposal default on loans, loans in collections, or bankruptcy.

What’s the process to get a loan to help with bill payments?

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 out our online application! It takes approximately 5 minutes to complete. A Magical Credit representative 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.

What’s the interest rate on bill payment loans in Ontario?

Our interest rate is 3.9% monthly, for all of our loans.

If I can only get approved for less than what I applied for, will I be notified, or is it just a ‘no’?

We’ll let you know if you qualify for a smaller bill payment loan, too. It won’t be just a ‘no’!

Does Magical Credit report to the Credit Bureau, or is all the information confidential?

While Magical Credit uses a 128-bit SSL encryption in all information-sensitive communications, there is still some information that we do have to share with the Credit Bureau in order for you to build a credit history. Rest assured, your confidentiality is of the utmost importance throughout the entire process.


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.