When you’re faced with an unexpected emergency expense without having the savings to deal with it, an online loan in the form of a line of credit could give you the safety net you need to handle the situation! You may want to think about applying for short term online loans if you need to make a surprise visit to the hospital, if your car unexpectedly breaks down and you need to get it repaired right away, or if the water heater in your home suddenly breaks down and you don’t have the funds set aside to replace it.
$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 need an active bank account to be approved for a Line of Credit through CreditFresh.
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 take only 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, Hawaii, Idaho, Indiana, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin in addition to Kentucky.
A fundamental difference between the two is that a line of credit is 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. As you pay down your balance, you can continue to borrow money when you need it from your available credit. You can do this either all at once or in smaller amounts as needed, so long as your account remains in good standing. This is what can make emergency loans online a potentially useful option to have in case you run into an unexpected expense and don’t have the savings to cover it.
Dealing with a tough financial situation can be difficult, and you’ll want to weigh all your options carefully. If you’re looking to borrow money online and need more information on the process of requesting an unsecured online loan through CreditFresh, feel free to contact our Customer Service team at 1-800-766-2007. You can also find more information about us and this Line of Credit by visiting our general FAQs page.