Emergencies can strike anywhere, regardless of where you live in Oklahoma. And for most people, dealing with them is rarely a walk in the park. So, what do you do when your savings have run dry and you need to take care of an unexpected expense? An online line of credit may be the short-term answer to your cash flow problems!
But what should you consider to be an emergency, and when might it be appropriate to apply for a loan? Well, you might want to consider applying for one when:
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 will. To be approved for this online loan, you’ll need to have an active bank account.
No appointment will be necessary. Simply click here to begin the process of submitting a request. This 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, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, New Jersey, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, West Virginia, Wisconsin, and Wyoming in addition to Oklahoma.
When you’re dealing with an emergency, it’s usually in your best interest to deal with it right away. If left to linger, things can get harder (and more expensive) to fix. So it’s only natural to want to know how long it’ll take to get your money if you decide to draw on your online line of credit. The problem here is that the answer to this is likely going to vary depending on which financial institution you’re working with.
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 or over the phone, funds may be in your bank account the same business day3!
One type of loan is going to be different from the next in some way, shape, or form. So, when you’re in the market for a personal loan, it’s best to have an understanding of their differences and similarities. This way, you have a better chance of going with the option that’s best suited to your situation.
Two of the more common types of personal loans are installment loans and lines of credit. With an installment loan, getting approved means that you’ll get your money all in one go. Then, you’ll pay off what you owe over the course of several months or years. These payments will be scheduled ahead of time and will generally all be the same amount.
Lines of credit provide you with a credit limit to draw funds from. You can do this as long as you have available credit and your account is in good standing. As you pay down what you owe, you can continue to draw funds on a revolving basis. 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 Oklahoma 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.