By hiring a LIT to negotiate a consumer proposal for your thousands of dollars’ worth of consumer debts, you’ve narrowly escaped bankruptcy. Soon enough you’ll be discharged, and while your credit score won’t completely bottom out, a mild sea-breeze could blow it off a monetary cliff!
If you’re low on cash, taking out and successfully paying off a loan is a great way to rebuild your credit score, because it reestablishes your creditworthiness. But a bank won’t loan to you with your credit score, and a payday loan company will keep you financially strapped with their ludicrous interest rates.
Once you’ve been discharged from your consumer proposal, rebuild your credit with a personal loan from Magical Credit. We offer bad credit loans in New Brunswick, at a fixed 3.9% monthly interest rate!
Being anchored down by a discharged consumer proposal means your credit score is akin to a maritime shipwreck.
A consumer proposal loan can re-establish your creditworthiness in various ways:
Consolidate Credit Card Debt- Pay off your whale-sized credit card balances with a personal loan to improve credit. You’ll be making a variety of payments, showing creditors a history of debt repayment.
Pay via Installments- Installment loan debts will steady the financial ship and are far more lenient than a credit card balance in the eye of an economic hurricane. That’s why Magical Credit’s loans are all installment-based. Learn more about installment loans here.
Create Mixed Forms of Credit- Creditors are keen on folks who can navigate their way through a diverse range of payments and interest rates. Successfully pay off your personal loan in New Brunswick, and reel in creditor’s like you were fiscal fish-bait!
Pay More Than Minimum- Our loans are open like the maritime seas, meaning you can pay them off as early as you want—with none of the added fees associated with payday loans.
Magical Credit specializes in bad credit loans. We don’t weigh your credit score, but instead your overall credit report. Other variables like current consumer proposals, bankruptcies, loans in collection, and debt repayment histories are weighed.
You’ll only be considered for a loan from Magical Credit once you’ve been discharged from bankruptcy or completed your consumer proposal.
No— Magical Credit has a zero-tolerance policy for previously unpaid payday loans.
No—our 3.9% monthly interest rate is consistent with all of our cash loans.
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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