Child tax benefits in Canada barely cover the cost for basic necessities.
But banks could care less—they would never consider loans for bad credit applicants collecting low incomes.
Conversely, Magical Credit specializes in loans for bad credit applicants with lower incomes. And you can still be eligible if your primary income is from a non-traditional source, such as a child tax benefit!
Yes—Magical Credit weighs candidates on their overall report of credit rather than their credit score.
Potentially—provided you’re receiving a monthly income (traditional or non-traditional) of $600, direct deposited into your bank account, you may be eligible.
No—we lend between $500 and $10,000.
3.9% a month—the same as the rest of our loans!
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