Like we mentioned, an emergency expense can be tough to deal with regardless of where you live in Arizona. When you’re strapped for cash and looking for ways to pay off an unexpected expense, where do you turn to? If you end up facing a situation like this, an online line of credit may be able to help you out.
What situations constitute an emergency? 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 will. To be approved for this online loan, you’ll need to have an active bank account.
Yes, online loans are currently offered through CreditFresh in the form of a Line of Credit in Alabama, Alaska, Arkansas, Delaware, Florida, Hawaii, Idaho, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin, in addition to Arizona.
One of the things that can make a financial emergency so stressful to deal with is that in a lot of cases, time is of the essence. The longer you wait to deal with it, the worse it can get. Because of this, it’s normal to be concerned with the amount of time it takes to get money deposited into your bank account if you get approved for a loan. The truth is, this is going to vary between different financial institutions.
At CreditFresh, we get the importance of urgency when you’re dealing with a financial emergency. 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!
In a lot of ways, lines of credit and installment loans are similar in terms of what they can and should be used for. But at the same time, there are some important differences between the two in the way they function. If you’re in the market for a personal loan, it’s important to understand these differences in order to make the best decision for your situation.
With an installment loan, you’ll get the money that you’ve been approved for (assuming you’ve been approved) in a lump sum, which you’ll have to pay off over several scheduled installments that could last anywhere between a couple months to several years.
If you’re approved for a line of credit, you’ll be given access to a specific credit limit. You’ll be able to draw funds from this limit as long your account remains in good standing and you have available credit. 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 Arizona 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.