Promptly paying off a loan can rebuild your credit score, because it reestablishes your creditworthiness through a proven debt repayment history.
Having said that, banks won’t even bother stifling their laughter at your loan application attempt at this point.
Where can you go to help rebuild your credit score?
Magical Credit specializes in personal loans for bad credit applicants, including those recently discharged from consumer proposals—offering a responsible way to rebuild your credit score.
You’ll be drowning in money problems after being discharged from a consumer proposal.
Magical Credit’s consumer proposal loans can be your monetary life jacket, re-establishing your creditworthiness in several ways:
Magical Credit specializes in loans for bad credit applicants. Instead of weighing credit scores, we analyze your overall credit report. As long as you collect a steady direct deposit income of $600/month from a traditional or non-traditional source, you may be eligible.
Applicants are only eligible once they’ve been discharged from any prior bankruptcies.
No— Magical Credit has a zero-tolerance policy for previously unpaid payday loans.
No—you’ll be paying 3.9%, just like everyone else!
As long as you have a direct deposited monthly source of income, (traditional or non-traditional) of at least $600, you may be eligible for a consumer proposal loan.
Yes—we offer bad credit loans to St. John’s, Mount Pearl, and the rest of Newfoundland! The only provinces we don’t loan to are Quebec and Manitoba.
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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