When you’re dealing with an emergency expense you weren’t able to plan for and you don’t have the money saved to handle it, an online loan in the form of a line of credit could provide you with the safety net you need to help you through it! A situation where you need short term online loans might come up if you have to make an unexpected trip to the emergency room, if your car blows a tire and you need to get it fixed quickly, or if you need to make an unplanned but essential home repair.
If you’re looking to get a loan online in Michigan, you can click here to submit a request or call us at 1-800-766-2007 for more information.
$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, if you’re looking to be approved for a Line of Credit through CreditFresh, you’ll need to have an active bank account.
No, in order to submit a request, you will not need an appointment. To begin 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, this Line of Credit is currently offered in Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming in addition to Michigan.
One of the main ways this type of loan differs from an installment loan is that it’s a revolving form of credit. This means that if you’re approved, you’ll be able to borrow any amount up to your available credit limit, either all at once or in smaller amounts, as needed. As you pay down your balance, you can continue to borrow money when you need it from your available credit, so long as your account is in good standing. This is why emergency loans online may be one way for you to get the money you need if you’re facing an unexpected expense and don’t have the necessary funds set aside to cover it.
Being in a difficult financial situation can be scary, and you’ll need to consider your options carefully if you’re looking to borrow money online by requesting a loan. If you need more information on the process of requesting an online loan in Michigan through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information about this Line of Credit by visiting our general FAQs page.