No matter where you live, there’s no sure way of determining when you’re going to need to deal with an unexpected emergency next. And when you don’t have a lot of extra money lying around, what are you supposed to do? If you end up facing a situation like this, an online line of credit may be able to help you out.
When do you know that you’re facing an emergency expense? Well, situations like this could include:
If you’re looking to submit a request through CreditFresh, click here to get started!
$500 to $5,000.
You have the option to withdraw available funds all at once, or in smaller amounts from your available credit, as needed, so long as your account is in good standing. If you request a draw, funds may be deposited into your bank account the same business day3.
If you have an outstanding balance, you will be required to make a Minimum Payment for each Billing Cycle.
You will be issued a periodic statement at least 14 days before your Minimum Payment is due for your Line of Credit. Your periodic statement will include important details such as your Minimum Payment and your Payment Due Date.
Your Minimum Payment will be made up of two components:
You can always make payments towards your Outstanding Principal Balance at any time without prepayment penalties. You may log into your account to make a payment online using a debit or pre-paid card or call 1-800-766-2007 to set up a payment.
For each billing cycle, you will only be charged a Billing Cycle Charge if you have an Outstanding Principal Balance. You can find this information in your periodic statement. A portion of each Minimum Payment goes directly to your principal balance to ensure you are always paying down your balance.
For further details, visit the Cost of Credit page.
In order to qualify for an online loan through CreditFresh, you must:
Please note that currently, no credit products offered through CreditFresh have charges that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.
Yes, you’ll need to have an active bank account to be approved for this online loan.
You will not need an appointment to submit a request. To start this process, simply click here. Submitting a request is simple and may only take a few minutes to complete1.
For more information, feel free to give us a call at 1-800-766-2007 and a member of our Customer Service team will be pleased to help you.
Yes, online loans are currently offered through CreditFresh in the form of a Line of Credit in Alabama, Alaska, Arizona, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, West Virginia, Wisconsin, and Wyoming in addition to Arkansas.
If you’re in the midst of dealing with a financial emergency, one of the things that you’ll likely be concerned with is the speed at which you can get a hold of funds to help you take care of it. The thing to keep in mind is the speed of funding for a personal loan is going to vary between different financial institutions.
At CreditFresh, we understand how vital it is for you to get your money quickly when you’re faced with an emergency expense. That’s why, when you request a draw from your personal Line of Credit online, funds may be in your bank account the same business day3!
While there’s definitely some overlap between installment loans and lines of credit, there are also some key distinctions between the two. It’s important to have some understanding of these if you’re going to be deciding what borrowing option is best suited to your situation.
One of the most important things to note is that an installment loan will provide you with the money you’ve been approved for in a lump sum. From there, the money you owe will be broken up into a series of scheduled installments that will generally be of equal value.
With a line of credit, you’ll be able to draw money from a specific credit limit. You can draw however much money you want up to your available credit limit, assuming your account is in good standing. As you pay down what you owe, you can then continue to draw money on a recurring basis. This is a type of revolving credit. If you want to learn more about other online loans, click here.
Dealing with an emergency expense isn’t easy, but if you think that this Line of Credit is suited to your needs, or you’d like additional information on the process of requesting an online loan in Arkansas through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information by visiting our general FAQs page.