Finding the right lender can feel impossible. Banks have stingy policies, and any discrepancies in your credit will lead to a quick rejection. Payday loan companies will only keep you in debt with their over-the-top interest rates.
Magical Credit is a high-risk lender specializing in loans for bad credit applicants. We offer fixed interest rates, and you’ll be considered even if you’re collecting a non-traditional source of income, including child tax benefits.
Make sure you can keep up with the repayment terms of our online loans for child tax by calculating your monthly loan payment schedule with our short-term personal loan calculator!
Yes—Magical Credit is a high-risk lender meaning we don’t weigh candidates solely on their credit score, but their overall report of credit.
Yes—Magical Credit offers child care loans to candidates collecting traditional and non-traditional incomes. We’ll accept government subsidies (e.g., EI and CPP), as well as income from pensions or maternity benefits as long as they’re direct deposited into your bank account on a monthly basis.
No—we offer loans between $500 and $10,000.
To apply, you need the following:
Collecting $600.00 a month via direct deposit is the minimum income required to be considered for a Magical Credit loan.
Our rate is 3.9% a month.
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!
Earn $50 in seconds!
Participate in our referral program for cash rewards.