Raising a child in Nova Scotia isn’t cheap or easy. As a parent, you want to provide the best environment for your kids, but with the rising cost of formula, diapers, and child care it seems like an impossible task for any young family.
The Canadian government does offer child tax benefits, but it’s barely enough to keep families above water. So, it’s no surprise when families need to borrow money.
Unfortunately, securing a loan from a bank is easier said than done. Banks have strict loan requirements, and having less than perfect credit makes applying for one a total waste of time. Payday companies aren’t any better with their abnormally high-interest rates. Sure, they’ll lend to you, but it will cost an arm and a leg.
Fortunately, Magical Credit offers flexible child tax loans in Nova Scotia for parents with bad credit. We offer a reasonable fixed interest rate of 3.9% per month. In 5 minutes or less, you can leverage your child tax benefits into a short-term loan. Apply today!
Yes, we specialize in child tax benefit loans for parents with bad credit. We don’t solely look at credit scores to determine an applicant’s eligibility for a loan. To be considered for a loan, you must receive at least $600 a month via direct deposit.
Yes, we accept traditional and non-traditional sources of income. EI is one of many government subsidies we accept at Magical Credit. For a list of income-sources we accept, please read our who qualifies page.
Sorry, our loans range between $500 and $10,000. No exceptions.
Yes, if you receive at least $600.00 a month via direct deposit, you can qualify for a child tax benefit loan.
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!
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