You need money fast, but you already know the bank is a dead end. Your current credit score is too low, and will drop even lower if your loan applications is rejected.
If you need cash now, Magical Credit’s short term loans for bad credit applicants are approved within one business day.
Yes—we specialize in short term loans for bad credit applicants, because our lending decisions aren’t only based your credit score. Instead, we look at your entire credit history, current loans in collection, and any current consumer proposals.
Yes—Magical Credit accepts traditional and non-traditional sources of income. We accept government subsidies (e.g. EI, CPP, baby bonuses), as well as income from pensions or maternity benefits. However, your income must be at least $600 monthly via direct deposit, or else you won’t be eligible.
No—we only loan between $500-$10,000. You can apply for a $10,000 loan and seek the rest of the money elsewhere.
Yes—if you’re 18 years or older you may be eligible for one of our short term loans.
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!
Earn $50 in seconds!
Participate in our referral program for cash rewards.