Living in British Columbia, as incredible as it may be, has its disadvantages. Sure, Vancouver consistently ranks among the top 3 livable cities in the world, but that kind of status comes at a cost. Tuition, rent, vacations, and even day trips cost more here than in most places.
The question is, is it worth it?
Well, you would never want to live anywhere else in the world, and frankly, neither would we. But the high costs of living are forcing millennials out of the city. Since 2008, there has been a net loss of individuals between the ages of 25-44 living in Vancouver.
So the question isn’t really if it’s worth it – but how can we make it work?
Magical Credit offers low-income, private loans in BC for applicants with bad credit. Our reasonable interest rates and willingness to look past bad credit allows you to take out the loan you need. Just fill out our online application, and in as little as 5 minutes, you can be on your way to a quick loan that can make living in BC a lot more manageable.
It depends on your situation. Oftentimes, a bank won’t even consider your application for a loan if you have either a low-income or poor credit. Magical Credit, however, accepts low-income and looks past bad credit, making it far easier for you to get your loan.
Magical Credit will consider your application for a private loan if you are making a minimum of $600 monthly, whether that’s by means of an employer, or government grants and subsidies.
We consider your entire credit history. Meaning we check if you have ever defaulted on previous payday loans, if you’ve recently filed for bankruptcy, etc.
Our interest rates are the same 3.9% monthly, regardless of the loan type.
No. We are a private, non-bank lender for bad credit and low-income households. We have no affiliation with any banks or any other financial institutions.
No. One of the requirements to take out a private loan is that you have a $600 monthly direct deposit income. So, if you don’t have a bank account, you will not be approved.
Please don’t. Nobody uses fax machines anymore! Magical Credit gives you the option to upload your documents with your online application during the follow up process.
Our loans can be anywhere between $500 and $10,000, although the amount you are eligible to receive will depend on your income.
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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