If you need cash now, but your bad credit is forcing you to deal with the perils of payday loan companies, Magical Credit is the high-risk lender for you!
We provide flexible short-term loans that are ideal for bad credit applicants. You’ll only pay interest to date, and not the full term, as our loans are open – pay off your loan at any time, with no penalty!
If you’re unsure you can keep up with the short-term loan repayment terms, calculate your monthly loan payment schedule with our short term personal loan calculator!
Our loans have 12-24 month terms.
No—all of our loans have an interest rate of 3.9>#/b###a month.
No—our smaller loans start at $500, and our larger loans top out at $10,000.
Yes—we are a high-risk lender specializing in short-term loans for bad credit applicants. Unlike other lenders, credit scores aren’t our main sticking point. If you collect $600 a month via direct deposit, haven’t defaulted on any payday loans, and have been discharged from any bankruptcies or consumer proposals, you may be eligible.
Yes—we accept non-traditional sources of income such as government subsidies (e.g., EI, CPP, baby bonuses) as well as income from pensions or maternity benefits.
Yes—we offer bad credit loans in Fredericton, and the rest of New Brunswick. The only ineligible provinces in Canada are Manitoba and Quebec.
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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