Please be aware Magical Credit will not request you to send any upfront fees in order to get a loan from us. If you are contacted by anyone requesting this by email, text or phone, please call us immediately at 1-877-213-2088.
Settlement Loans for Personal Injury, Auto Accident Claims, Malpractice, and More
Money can’t buy you happiness, but it can buy you time – time your lawyer needs to negotiate the best settlement on your behalf.
If you have a pending settlement and are tight on funds, our short-term, settlement loans can help you manage the financial pressures of the litigation process. We’re Canada’s settlement lenders for personal injury, auto accident claims, estate claims, malpractice, and other litigation funding needs.
Best of all, our legal loans are easy to qualify for – we’re high-risk, settlement lenders that specialize in short-term, bad credit loans – with an application process that’s even easier. Apply for a settlement loan with us today. Our online application takes just 5 minutes to complete!
While our legal loans are primarily put towards pending settlements, they can be leveraged for everyday expenses as your lawyer works on your settlement:
Medical Bills: If your settlement is injury related, you still need medical care while your lawyer fights your case. A settlement loan can alleviate any outstanding medical expenses until your case is settled.
Living Expenses: Paying lawyers and associated litigation fees is money you’d otherwise spend on living expenses – and those aren’t put on hold during your settlement. Get a personal loan for legal fees so your careful budgeting & savings routine can remain consistent.
Legal Fees: Litigation funding is an investment. The more you put towards quality representation, the better your chances are of receiving a heftier settlement. A personal loan for legal fees can finance a respected lawyer you may’ve otherwise been unable to afford, positioning you best for a lucrative claim.
Yes, we specialize in litigation loans and settlement loans for bad credit. As Canada’s high-risk settlement lenders, we don’t base our decisions off credit score. If you’re receiving at least $600 a month via direct deposit and have been employed for at least six months, we will consider you.
Our loans are considered short-term loans and have up to a 12-24 month term with an interest rate of 3.9% per month.
Interest Rate (46.8%)
Total Cost of Borrowing
Total Due End of Term
NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you borrow it.
Terms and Conditions: (APR 23% min - 59.7% max) Loan amortization is between 12-24 months. Loan must be paid in full by the end of term, no extensions or exceptions, no automatic renewals. Failure to pay your debt on time with impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureau.