Magical Credit
Curated by SignalConsumer direct lender offering personal loans for individuals with bad credit.
Overview
Magical Credit operates as a consumer direct lender that focuses on providing personal financing options to individuals with poor credit histories or non-traditional income sources. The company employs artificial intelligence and machine learning to enhance the loan approval process. Its product offerings include short-term loans, installment loans, and cash loans. The target demographic consists of individuals who encounter difficulties with traditional lending institutions, allowing for expedited access to funds for various personal needs, such as medical expenses and debt consolidation. Magical Credit offers flexible repayment options and reports loan payments to credit bureaus, which may assist borrowers in improving their credit scores. The application process is conducted online.
Key facts
- Founded
- 2014
- Headquarters
- Toronto, Canada
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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- 2 products and services
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- Commercial model
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Contact
- Primary office
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