Does Your British Columbia Government Income Qualify For A Cash Loan?

The reasons Magical Credit customers provide for why they need short-term cash loans are as diverse as they are! With that said, in speaking to our clients some trends do emerge. The list of loan rationales below is hardly exhaustive, but we offer it to give you some examples and perhaps help to jog some ideas of your own.

• Building Your Own Business — British Columbia, and Vancouver in particular, has become a hub for innovation and entrepreneurship. But getting your business off the ground can be challenging, especially if you lack access to significant capital. A cash loan can be used to float the cost of investments in tools or supplies, for example, or to front a down payment on an office space.
• Going/Going Back to School — BC is dotted with great colleges, from Coquitlam College to UBC to the University of the Fraser Valley in Abbotsford. Upgrading your education can open lots of new doors. But it’s not without costs, particularly if you don’t qualify for tuition assistance or government student loans. A cash loan can cover the full costs of a short-term program (such as a certificate/diploma program) or tide you over until your academic performance enables you to seek scholarship and bursary options.
• Job-Seeking Expenses — It’s not cheap living in British Columbia, especially Vancouver. If you’re between jobs, or looking to find better work, there are some baked-in expenses you’ll likely have to wrangle. From Internet and phone bills to upgrading your interview attire to making payments on a car, the costs of job hunting can pile up—and often at a time when you’re least set-up to manage them. Our financing can help keep the hounds at bay until you’ve found the career you desire.

• Kid Costs - Children don’t come cheap! They’re just like adults, in that they have to eat, wear clothes, be entertained and take shelter; only they never pay for anything themselves. (Admittedly, this describes some adults too!) If you’re in a pinch in terms of buying new school clothes, or perhaps getting them the new computer they need for college, some financing may come in handy.
• Consolidating Debts - Juggling multiple lines of credit (such as student loans, mortgages and credit cards) is a sure-fire recipe for financial confusion. Use your cash loan to wrestle all your debts under one umbrella and simplify your bills each month.
• Rehabilitating Credit- The best way to rebuild your credit rating is by proving to lenders that you are responsible enough to manage your finances. Unfortunately, that can be a slow process when you don’t have any recent proof! Taking out a modest cash loan and repaying it on time each month will help repair some of the damage of past financial indiscretions, and position you for better terms on future loans.
• Dealing with Emergencies - Even the best-laid plans of etcetera and etcetera don’t always work out, or however that old saying goes. What we mean is, you never know when you’re going to be blindsided by an accident, family crisis or otherwise unforeseen situation. Cash financing can alleviate monetary concerns, and help you stay focused on getting back on your feet.

By and large, one thing about our clients is consistent: they are seeking cash loans to expand the limits of what their financial picture allows them to accomplish. If your finances are stable enough to safely take out and repay a loan, it may be time for you to dream a little bigger!