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Child Tax Benefit Loans in Northwest Territories

Kids are expensive, and while government child tax benefits can help mitigate those costs, they just won’t cut it when Lisa needs braces or Jeremy needs glasses. That’s why Magical Credit offers child tax benefit loans that use your child tax benefits to leverage loans up to $10,000!

Magical Credit offers the best child tax benefit loans in NWT for those with a poor credit score or non-traditional income streams. We guarantee you’ll hear back from us within 24 hours!

Need a child tax benefit loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term loan calculator!

I want to borrow:

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

Why You Might Need a Child Tax Benefit Loan

  • Education – Kids need tutoring or equipment for expensive afterschool programs like hockey? A NWT child tax benefit loan from Magical Credit can ensure that your kids get the education and childhood experiences they deserve.
  • Dental Care – Orthodontists can keep your finances hostage as effectively as any Mafioso, except without the strict code of gangster honor popularized in the hit HBO television series, The Sopranos. Our NWT child tax benefit loans will ensure your kids get first-class oral care lickety-split! Or as Tony would say, “Badda bing, badda boom.”
  • Alt Dental Care – Orthodontists can keep your finances hostage as effectively as any gangster, but our NWT child tax benefit loans will ensure your kids get first-class oral care as they need it.
  • Vision Care – 25% of children require glasses or other vision correction devices, but unfortunately, they don’t come cheap if vision care isn’t covered by your company health insurance plan. Keep your kids seeing 20/20 without spending $2,020 with a child tax benefit loan in NWT.
  • Daycare – If both you and your spouse work, then making sure your young children are taken care of is a constant struggle, especially with the skyrocketing price of daycare. However, a child tax benefit loan from Magical Credit can help you ensure your children always have a slot at the nearest preschool.

NWT Child Tax Benefit Loan FAQs

I applied an hour ago. How long does it take to get an email confirmation?

Once you submit your application for a child tax benefit loan in NWT, a representative will get back to you within a maximum of 24 business hours.

Is it guaranteed approval?

We do not guarantee approval for child tax benefit cash advances, seeing as every case is different – but that doesn’t mean you’re ineligible for a child tax benefit loan with child tax benefit.

We accept working income, as well as government subsidies, as long as you are receiving a minimum of $600.00 a month in addition to direct deposit income. A denial would be the result of current child tax benefit default on loans, loans in collections, or current child tax benefit.

Do you help people with bad credit in the Northwest Territories?

Yes, we are a high risk loan lender! And that includes loans for child tax benefit in NWT. We don’t go off your credit score, but your overall report of credit. So, we consider other variables like current loans in collections.


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.