Divorce Loans - personal loans taken to fund divorce proceedings. The legal costs of a divorce can often run into the thousands, which can potentially make it an expensive affair.
Divorce is a difficult time, and it doesn’t get easier with the added worries of paying divorce debt, divorce legal fees, and other divorce finances.
If you’re struggling with the cost of divorce, or your funds are tied up in divorce legal fees and settlements, apply for a divorce loan from Magical Credit. Our short-term, divorce loans can cover any financial hardships as you work through your emotional ones.
Divorce loans can be put towards the cost of divorce lawyer fees, helping you keep up with bill payments, funding alternative living arrangements, or the fight for the custody of your children.
Apply for a divorce loan today – our online application takes just 5 minutes to complete!
A divorce loan from Magical Credit isn’t limited to pending legal or attorney fees – it can be used for other life expenses as you work through this difficult time:
Divorce Lawyer Fees: Lawyers are paid by the hour, making a potentially lengthy divorce process costly. But hiring reputable representation is an investment, as you’ll be in a better position to fight for your assets – a legal loan can fund a respected lawyer.
Divorce / Marital Debt: If settlements don’t work in your favour, you may have a pile of unexpected expenses to deal with. We offer divorce loans up to $20,000, easily covering the cost of divorce debts, allowing you to move forward with your life.
Bill Payments: Life’s responsibilities – hydro bills, groceries, transportation, cell phone bills – aren’t put on hold during a divorce settlement. Keeping up with all the bills, plus added legal costs, is demanding – get a short-term, legal loan to buy yourself a little extra time to get everything in order.
Living Arrangements: If you’re in a stalemate with your spouse over property, you’ll need a comfortable space to live in for the short term. No, sleeping on the front porch isn’t the solution, and you can only stay on your friend’s couch for so long. Apply for a divorce loan to put yourself up in a nice hotel or Airbnb, and find some peace of mind.
Yes, we specialize in personal loans for divorce, and bad credit loans. We don’t base our decisions solely off credit score. If you are receiving at least $1,200 a month via direct deposit, we will consider you.
You can qualify for bad credit divorce loans between $1,500 and $20,000.
If you are receiving at least $1,200.00 a month via direct deposit, we will consider you for a divorce loan.
Need a divorce 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!
Disclosures:
Magical Installment Loans: Installment loans are available to eligible residents of Ontario and range from $1,500 to $20,000. Repayment terms range from 12 to 78 payments, with flexible payment schedules available as weekly, bi-weekly, semi-monthly, or monthly.
Example: A $5,000 loan repaid over 36 monthly installments would require payments of $300.40 per month.
NOTE: Loan amount and payment amount are subject to change upon final loan approval. Interest rate for Personal Loans is calculated at 34.86%. The Repayment amount includes optional Loan Protection Plan coverage.
Magical Cash Loans - Ontario, British Columbia, Alberta, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $14.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $140.00. The total to pay back is $1,140.00, which is an annual percentage rate of 365.00%. ON License #4741412. BC License#85919 AB License#358423.
The Loan must be paid in full by the end of the term, with no extensions or exceptions, and no automatic renewals. Failure to pay your debt on time will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.
