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5 Simple Ways That Personal Loans Help You

Personal loans come in handy for all sorts of purposes. They can make things simpler and even help position you so that it’s easier to get another loan in the future. Would looking into the options for MagicalCredit personal loans help you with some kind of financial situation today? If any of the following applies, the answer is yes. 

Reorganizing Your Debt

You’re not having any problems paying your debts on time, but it would be nice to simplify the budget a bit. Fewer debts to manage is one way of making things simpler. You could look into options for Ontario loans that would allow you to borrow enough money to pay off all of those credit card and other debts. That would leave you with one obligation to manage rather than several. 

One of the perks of this approach is that loan’s interest rate could be better than the rates applied to all or most of your debts. Along with making it easier to manage your debt, a lower interest rate will mean you can retire the obligation sooner rather than later. Think of the amount of money you will end up saving along the way. 

Remember that if you want to enjoy the maximum benefits from this strategy, avoid incurring any new debt. The only exception is some type of emergency like a car repair. Even then, pay off that new debt in one to two months. When your loan is settled, you get to enjoy some time being truly debt-free. 

Avoiding Interest on a Bill

You have a bill that needs to be paid in full as quickly as possible. If it rolls over for another month or two, the interest will be significant. You may find that personal loans offered by Magical Credit help you avoid the higher interest charged by some creditors. While you do still pay interest on the loan, the fact that the rate is lower saves you money. That’s always a good thing. 

Taking Care of a Pressing Need

There are times when you need to take care of something before it turns into an obligation that’s more complex and expensive. For example, you need new tires for the car now if you want to avoid the possibility of a blowout at the worst possible time. Keep in mind one of those older tires could blow out when you’re driving at a faster speed. The risks to you and to the vehicle itself are significant without those new tires. 

In this situation and similar ones, taking action now helps avoid worse issues later on. Obtain the loan and buy the tires now. While you may never know how much you save in terms of repairs and possibly medical costs, knowing you can drive the car safely makes the loan worth it. 

Emergency Funds At Your Disposal

Something unexpected happened and you need money right this minute. Perhaps it was a dental issue that had to be corrected without delay. Maybe you needed travel funds to get to a sick relative or friend. The nice thing about personal loans is that they can often be obtained in a short amount of time. That makes it easier for you to handle the emergency expenses without having to wait. 

Take Advantage of a Good Deal

It’s not so much that you need something right now or that you want to take care of a pressing debt or pay off several debts at one time. You’ve come across some type of deal that is not likely to repeat itself later on. It could be a one-time chance to purchase a second vehicle at a great price. Maybe it’s the opportunity to pick up something that one of the kids will need for a college dorm room next year, and the price is too good to pass up. Unfortunately, you don’t have the spare funds to grab that great deal. 

A personal loan can supply the cash needed to claim that deal and save a lot of money over time. Buy the car and use it whenever you like, even as you look around and notice that the great price for that make and model is not found anywhere else. You can also smile with satisfaction when the item you purchased for your child ends up costing a lot more when he or she does finally head for college. 

How could a loan through Magical Credit help you? Take a look at your present circumstances. Is there something you need or would like to accomplish? A personal loan could provide the funds necessary to make life a little easier.

How Car Title Loans Are The Best Way To Build An Emergency Fund?

Sometimes life is full of lousy condition and we want to come out from all this, but we don’t have money in our bank accounts to solve our problems which we are facing day by day. However, there are situations in life when things are simply out of your control, and you want to manage, but you are helpless to solve those problems. Like your bills are pending, any accident has taken place, you need money for school fees or marriage expenses there are many other problems. In such cases, you will require some quick cash to improve your credit score. At that time you can think of borrowing money through Car Title Loans to solve all your problems.

Car Title Loans to Use Your Car as Collateral for the Loan 

You can use your car as collateral for loan. If your credit is low, you can still borrow money from the lender. Collateral is a proof of guarantee for the loan. If you are not able to pay back the loan then the lender has full right to take possession of your car which is being used as collateral. The loan lender holds your car document until you pay back the loan amount. The only thing is that your car should be lien free. 

Your Car Must Have Insurance. 

Before you apply for the car title loans, you should check your car policy. It is very important to give the right details to the lender of your car. It will be easy for your loan lender to approve your loan.

Your Credit Score Doesn’t Matter.

When you apply for these loans, your credit score doesn’t matter for the lender in order to approve for your loan. Just because of all these facilities title loans are so popular these days. 

No Credit Check  

Title loans are totally based on what you provide to them. For applying you need not have any job or good credit in your account. To approve for these loans, you just need to be at the age of maturity. The condition of your car should be good as you will use your car as collateral, you can apply for the loan.

How Much Amount You Can Borrow?

The amount which you can borrow depends on your car’s condition and market value. Because your car is key to your loan. Your loan amount is not fixed. Some loan lender gives a big amount, and on the other side, some give a little bit less amount. Just because you are approved for a certain amount, it doesn’t mean that you borrow an amount that you are unable to pay. Make sure and borrow the amount which you need and that you can pay it on time. Your right amount can make a big difference in your life instead of getting a loan that causes more problems.

It Is Easy To Apply For a Car Title Loan

You can apply for these loans very easily. You just need to have all this along with you before applying. Requirements for the loan are listed below:

  • Your car should be lien free with a clear title.
  • The complete registration and insurance papers for your car.
  • You should have a valid Canadian Driving license.
  • There should be proof of your residence.
  • You should have a second set of keys to your car.
  • Your age must be 18 years to apply for the loan. 

Easy and Speedy Process of Applying For a Loan

The loan process is very easy and speedy. Your loan will be approved within a day. The loan lender can understand that you need cash urgently and you don’t have to go through a lengthy paperwork process. As soon as possible they will be able to offer you a loan that works for you and you can get access to the money easily. 

You Can Get Cash In Few Hours.

After applying for a loan, you can get your cash in hand. The approval of the loan takes a few minutes. The best part is when you apply for the loan you can still continued to keep driving your car. So don’t worry about losing your car during the loan time.

As you know now that the process is very easy, you can avail all these advantages today with Car Title Loans! There are two ways of applying for the loan- either you can go to the office and apply for the loan or you can apply online and enjoy the benefits. 

Here are some best companies to get a Car Title Loan:

Get Loan

Snap Car

Instant Loans

How Can I Get A Loan Against My Old Vehicle?

People these days often face unexpected financial freight, such as car repairs, expensive medical bills or housing expenses. These situations can leave you with the need for instant cash, but getting a loan from the bank is not always easy. You often require good credit or a certain amount of income when you think of taking help from a bank.

Car title loans are meant for the types of situations mentioned above. You can get the fast cash you need by using your old car as collateral. Your vehicle’s equity is used to determine if you qualify, as well as the amount you can borrow. These types of loans have a less strict process, are less stressful and are much quicker. Such loans can be acquired online and be approved in as few hours as possible.

1. Qualifying for a car title loan against your vehicle may be easier than you think.

The requirements for loan against your vehicle are often minimal in comparison to traditional loans. Less paperwork and personal information are needed. The most crucial factor in qualifying for a car title loan is that you must own the car that can be used as collateral. Because this type of loan is based on the equity of your vehicle, you can hold your vehicle outright. Other essential requirements to apply for such loans include you must reside within the state and be at least 18 years old.

2. Poor credit? No Problem!

Unlike other types of traditional loans, your bad credit doesn’t affect your car title loan application. These loans usually don’t require a credit check. They are designed especially for people that have damaged credit from a history of late payments on their record.

3. Your low income cannot stop you from qualifying

Your low income cannot exempt you from qualifying for a loan.

4. Your car is used as collateral for the loan.

If you decide to get a car title loan, you must put your car as collateral. This means that the lender has the right to place a lien on your car title.  In the meanwhile, you have to surrender the hard copy of your vehicle title, in exchange for the amount. This is the only way a lender has a full assurance that the loan they lend you will give them some return. Without the title of the car, it can be tough to find a short-term loan.

5. You receive a significant amount of cash for your needs.

The main factor which determines the loan amount is the value of your car. The company determines the cost quickly by evaluating the condition of your vehicle depending on its age, make and model.

6. You can keep driving your car.

When getting a car title loan, you are not selling your car or giving your vehicle away to the lender. You can still continue driving your car throughout the length of the loan, as long as you make payments on time. You don’t have to worry about getting around to work when you take out a car title loan.

7. If you are not able to pay your loan back on time, don’t panic!

If you are unable to pay off the loan, then you can lose the car title to the lender. If you think you can’t settle on time, try to negotiate with your lender. So it is better to have a good idea and plan on how to pay back the money you borrow before applying for a car title loan. 

8. You can get your car title back. 

After paying off the balance of your title loan, the lender will remove the lien that was placed on your vehicle, and you can have your title back.

How to Get a Car Title Loan?

1. You can call or apply online: You can apply online or call for loan approval. The online application process will take about 15 minutes to complete. Once you submit the application, you will receive a follow-up call to confirm if you have been approved.

2. Easy Documentation Process: You have to submit a few documents after you complete the online application form. These documents can include- 

i) A copy of your driver’s license, 

ii) Registration and insurance of your vehicle, 

iii) Second set of keys to your car

iv) a valid government-issued ID)  

v) a clear title to your car.

3. Get Your Money Today: The process of getting cash for your old vehicle couldn’t be more straightforward. Once the documents are verified, and the car is inspected, you can expect a final approval within a short amount of time.

So, if you are in need of urgent cash but don’t meet the eligibility criteria for a used car, then you can opt for a loan against your old vehicle which acts as collateral.

Condo Lawyers about Condominiums & Cannabis Legalization

Are you a board member who wants to develop a policy that’s in full compliance with the new cannabis law? Advice from a condominium lawyer will help you understand how things stand today.

Condominiums and Cannabis Legalization

The legalization of cannabis in Canada is proving to be problematic for many condominium owners and property managers. The boards responsible for the condos as well as condominium lawyers Toronto are not always sure how to proceed if there is some sort of ban on use by condominium owners. While some have restructured old policies to comply with current laws, others still attempt to ban the use of cannabis for any reason. Whatever side of the fence you happen to be on, it pays to understand the current situation and why you might need a condo lawyer.

Across the Board Bans

As legalization came closer to reality, many boards rushed to pass bans that would prevent smoking of any type inside their buildings. This included the use of tobacco products within individual units as well as in the common areas.

One of the challenges that condo lawyers see with this type of all-inclusive ban is that it infringes on the rights of the condo owners to determine how their personal spaces are used. For example, owners who lease out their units from time to time could set their own rules about smoking in the past. Now they no longer have that right. It’s a weak point that Toronto condominium lawyers can sometimes utilize to challenge new board regulations and successfully have them overturned.

Time will tell if this approach will actually work for condominium lawyers and their clients.

Bans with Medical Exemptions

Other boards have chosen approaches that include provisions for medical but not recreational use. Under those regulations, condominium corporations would recognize the right of owners as well as guests to smoke cannabis if they have certain medical conditions. It would be necessary to provide proof that those conditions were present. Even then, use would be limited to the individual unit and not allowed in common areas.

While less problematic in terms of being in opposition to the new condominium law, there is still the question of how this squares with the recreational use of cannabis in Canada today. Is providing medical exemptions only still in violation of the right of an individual to smoke within his or her own unit? That’s an area of condo law that is likely to receive a lot of attention in the next few years. Even as condominium corporations prepare to defend this type of ban, others are preparing to defend their right to do what they want within their own living spaces.

Adopting New Policies That Recognize Recreational Use

There are property management firms as well as condominium management teams who have chosen to adopt new policies that allow for the medical and recreational use of cannabis within individual units, but not in common areas. Of all the new regulations enacted at different condo complexes, this is the one that’s most likely to receive little attention. This is particularly true if the condo rules in the past did not allow the use of tobacco in the common areas. This may be the most compliant of all new regulations and one approach that a condominium lawyer is likely to recommend to his or client.

<h2>Reasonable Limits and Condominium Policies</h2>

One important factor to understand is that the Condominium Act does not infringe on what is known as reasonable limits.

There are already laws in place that preclude condo boards from making rules that prevent owners from engaging in certain activities within their own spaces. The laws recognize what’s known as reasonable limits.

Essentially, that means if the activity is not causing any inconvenience or discomfort for others living in the building, the condo owner or temporary tenant is free to engage in that activity. For any law firm that includes condo law in its practice areas, the issue of what constitutes reasonable limits is likely to figure in any challenge to a condo board’s regulations.

Are you a board member who wants to develop a policy that’s in full compliance with the new cannabis law? Perhaps you are a tenant or owner who wants to understand what legal protections you have under Ontario law.

Advice from a condominium community lawyer will help you understand how things stand today, and what legal challenges are making their way through the court system.

That will help you make a more informed decision about how to proceed.

Online Gambling On A Budget: It’s Possible

When it comes to budgeting, it’s always important to set aside at least a moderate amount each month for fun. After all, we all know the saying that goes “All work and no play makes Jack a dull boy” – you can replace “Jack” with your name, of course. Among the many thrilling ways of having fun, one of the most easily accessible is gambling online. Given the track record of the industry – spoiled by many bad players (as in companies) in the past – online gambling may be a sensitive subject for some. But if you stick to legitimate operators, like the ones listed at, you can reduce the risk of stumbling into one to the minimum. Now let’s take a look at how you can enjoy your favourite games, perhaps even win some cash, when you’re on a budget.

Make the most of the bonuses

The welcome bonuses offered by online casinos are clearly there to attract new players. They are, basically, free money that you can use to play for much longer at an online casino, keeping the thrill of a real stake while also risking little to no money of your own. Note that these bonuses are only “play money” – if you want to cash them out, you have to complete a series of requirements, usually involving playing through the amount received as a bonus a number of times. But if the entertainment you get is bonus enough for you, you don’t have to worry about that.

Whenever you make a deposit to an online casino, the operator will reward you with a bonus as well as complimentary points (depending on the operator) that you can exchange for in-game perks, various items, perhaps even cash.

Stick to your budget

One of the worst things about online gambling (actually, about human nature) is that the prospect of potentially winning a life-changing jackpot is incredibly alluring. The likelihood of you winning a jackpot is pretty low, though, and so is the likelihood of you having a winning streak that will make you rich. You shouldn’t see casino games as a means of potentially winning money – you should think of it just like you think of going to the movies: you pay for a ticket, a soda, perhaps a bucket of popcorn, and you get entertainment in return.

Never make another deposit hoping that you’ll win back the money you lost. While this is certainly a possibility, there is no guarantee that you will. Instead, think of the money you deposit to a casino as already spent – this will make cashing out in the case of a win even more rewarding.

Not for everyone

One of the most important things about gambling is that it can be addictive. As such, it is not for everyone. Gambling addiction – like every other addiction – can be dangerous. There are organizations out there that can help, from the casinos themselves (through their self-exclusion and responsible gambling policies) to government-sponsored programs, self-help groups, and such. If you find yourself exhibiting any of the symptoms of problem gambling, make sure to seek professional help as soon as possible.

Taxes in Canada with on-line betting

On-line sports betting is very popular these days. You cannot watch a game or highlights without seeing a banner for some of the major sports betting websites.

I have always wondered about whether taxes were applicable to any sports bets placed on-line in Canada.

The answer is that it depends!

Business or Personal

An individual’s gambling activities may result in taxable business income or a business loss. This will be the case if the gambling activities constitute a source of income (that is, carrying on the business of gambling). Determining the commerciality of gambling can be challenging.

Games of pure chance, like lotteries, lack the badges of trade to which the traditional tests of business activity can be applied. Traditional tests to determine the existence of a business include an evaluation of a taxpayer’s profit-making purpose (that is, pursuit of profit) and the commerciality of a taxpayer’s activity. However, gambling is always undertaken in pursuit of profit.

Criteria for Taxes

It is interesting understanding the criteria for their decision:

The issue of whether a taxpayer’s activities are such that he or she can be considered to be carrying on a gambling business is a question of fact that can be determined only by an examination of all of the circumstances and the taxpayer’s entire course of conduct. Although no single factor may be conclusive, the following criteria should be considered in making the determination:

  • the degree of organization that is present in the pursuit of this activity by the taxpayer,
  • the existence of special knowledge or inside information that enables the taxpayer to reduce the element of chance,
  • the taxpayer’s intention to gamble for pleasure as compared with any intention to gamble for profit as a means of gaining a livelihood, and
  • the extent of the taxpayer’s gambling activities, including the number and frequency of bets.

I find it interesting on how someone can be perceived as having a a gambling business when there is no product bought or sold, if it is a business it is very subjective. Canadians are allowed to bet now on their favourite sports and matches so I am not sure how the criteria applies to sports gambling versus regular card games. The frequency would be completely different and the level of organization would be higher in some cases as consumers have access to so much data that they could come up with a model.

5 Measures You Can Take Now to Help Your Credit

Achieving your financial and other life goals, like owning a house, acquiring a car, expanding your business, or even furthering your studies in college, are highly dependent on having a good credit score. Lenders use your credit score to predict your creditworthiness and how responsible you are with using your credit cards. They also use the score to determine the terms of lending you a loan or offering you other credit products, if they decide to do so. Some of the things that influence your credit score include your credit history, your amount of debt relative to your credit limit, and your credit mix, among other factors.

The following are some things that you can do within a short period of time to help improve your credit:

1.      Pay off any overdue payment

Since your payment history contributes to a significant portion of your credit score—35%—it is critical to pay any account that is past its due date. The more days that pass after your payment’s due date, the more damage is being done to your credit rating. You should talk with your lender or credit card issuer to sort out any overdue accounts before they are shared with the credit bureaus. Your card provider may even be willing to re-age your accounts if you approach them, so that your credit report would show timely payments throughout.

2.      Seek professional assistance

Your debt burden may be too overwhelming to the extent that you cannot handle it. In this case, you need to look for professional help, for example from a credit counseling agency or from a financial analyst, to help you see how you can cut your expenses and repay some loans. Additionally, you can engage a professional in improving your credit, such as Boostcredit101, easily reachable at, to work with you on improving your score by using tradelines.

3.      Stop further credit card purchases

Consider avoiding any more credit card purchases, as they make your credit utilization go up. Credit utilization is the ratio of the amount you owe on a card to its credit limit. For example, if your card has a limit of $3000, and the outstanding balance is $2000, the credit utilization is 0.67. For the same limit, but with a balance of $1000, the credit utilization is 0.33. High credit utilization hurts your credit score. Avoid further purchases with your card to stop raising the credit utilization, and instead, pay with cash or even minimize your cash purchases to only what is necessary, and use the rest of your money to pay off your card balance.

4.      Check your credit report

Get a free copy of your credit report from the major credit bureaus and go through it to check for any errors. If you spot an anomaly, like late payments reported by mistake, get in touch with your lender and the credit bureau to rectify it. Though the effect may not be instantaneous, the corrections will be visible on subsequent reports, and you will have started to correct the wrongs. If need be, pay a fee for the report, since the benefit of correcting any error that could be hurting your score or using the report to strategize how to improve your score far outweighs the cost.

5.      Put any new credit card application on hold

Hard inquiries on your credit score, necessitated by the application of a new credit card, will hurt your score, so avoid applying for a new card when working on boosting your score.

The bottom line

You have many redemptive measures you can do right now to help your credit, like paying overdue debts and reducing the usage of your credit card, so make wise decisions to help improve your score.

How to Get a Month Ahead on Little Income

We know trying to get ahead when you do not make a ton of money can be difficult each month. You want to save, but also want to have money to do what you want to do. What are the steps that you can take to live the life you want?

Here are four steps you can take that will get you ahead on your monthly bills, and offer you some savings in the meantime.

  1. Take account and budget

One of the best ways to getting a month ahead on little income is to create a budget that you can actually stick to. Take an accounting of all of your monthly bills that need to be paid. Rent or mortgage, credit cards, cell phone, utilities, and any other bills you get on a monthly basis. Determine how much all of this costs.

As a tip for getting ahead, you will want to take a close look at all of these bills. Is there anything you can cut? Is there anything you can get reduced or switch to a cheaper option? There are a lot of competitors out there for various industries. Make sure you are getting exactly what you need, and not more. No one wants to pay for what they do not use!

Once you have this solid number of bills, you will want to subtract that number from your net income. The rest is what you have to work with on a monthly basis. From there, you can determine your budget.

Image source: Pixabay

  1. The biggest money percentage

Did you know, besides rent and mortgages, your food budget is usually your biggest expense for the month? Going out to eat, even fast food counters; add up to more than going food shopping every week. The key here is to plan. If you can plan every meal, even do all of your cooking on Sunday if possible, then you can save money and get ahead. Cooking together as a family is fun, there is no need to spend money on restaurants.

The rest of your budget can go towards other household items needed, like paper towels and laundry detergent. But look for other options as well. There are many recipes for cleaners that are cheaper to make than the pre-bottles stuff, and just as if not more effective.

  1. You can still have fun

There is a way to plan into your budget a night out once a month since going out all the time takes away the special feeling off it. Plan a great weekend night out and set a budget for it at the beginning of the month. Also look into free events, live flea markets and museums that can be a great time without spending a lot of money.

  1. Individual investor programme benefits

Employing these tips here can help you get ahead on your monthly bills, but you will want to create savings as well. Avoid the costs of commissions by investing in an individual investor programme. These individual investor programme benefits can help you get ahead with your investing, and save you money for the long term. These programmes offer benefits including unbiased, actionable investment education. With these types of programmes, you will learn how to invest your individual assets, whether your goal is retirement, choosing winning stocks, or finding the best mutual funds, the benefits of these types of programmes is endless.

You do not want to pay for someone else to do the work you can do yourself. You make the decisions about investing your hard earned money with individual investor programme benefits.


If you want to get ahead on your monthly bills with little income, just follow these tips to start, and figure out a budget that is right for you. With your saved money, invest it to earn more, but do so in a way where you get the most benefit out of it with individual investor programme benefits.

About the Author:

Elena is a Finance Content Executive at  She is a passionate blogger and an avid traveler. Outside of work she helps young adults get a better understanding of how they can stay out of financial troubles.