Tips on How to Improve your Credit Score

May 14, 2019 by Kevin Silver

Do you have a bad credit score? Don’t know how to start fixing it? The concept of credit scores can be overwhelming to say the least. Not to worry, as it’s not as complicated as it first seems. We’ve published a two-part post on the Smarter Loans website to help get you out of a tough situation.

This series cuts through the jargon and explains everything you need to know about credit scores, including how they're calculated and how different borrowing options can affect them. We also reveal actionable tips to rebuild your credit score while getting your finances in shape. Read more here:

PART 1

PART 2

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Disclosures:

Magical Installment Loans: We offer installment loans in the amount of $1,500- $20,000 that have a 12-60 month term with an APR 19.99% min - 46.8% max. On $1,500 borrowed for a 1 year term at 3.9% per month, the total cost of borrowing including a $194 fee is $896.00. The total amount to be paid back with interest and fee is $2,396.00. AB License #349796 and BC License #83626

NOTE: Our installment loans are open, so you can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.

Magical Cash Loans - Ontario, British Columbia, Northwest Territories, Nunavut, and Yukon Residents only: We offer Magical Cash Loans in the amount of $100-$1,500.00. The cost of borrowing is $15.00 per $100.00 for each $100.00 borrowed. On a $1,000.00 loan for 14 days, the cost of borrowing is $150.00. The total to payback is $1,150.00 which is an annual percentage rate of 391.07%. ON License #4741412 . BC License#85919.

The 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 will impact your future credit with Magical Credit Inc. and other credit lenders. All delinquencies will be reported to the Credit Bureaus.