With a Flex Line of Credit, borrow as much and as often as you like within your credit limit. You’ll only have to pay interest on the money you use — similar to a credit card. This convenient financial alternative gives you extra control over your monthly finances. Once you qualify, your Flex Line of…
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No, you do not have to pay down your entire loan each month. There is a minimum payment requirement you must make on your Flex Line of Credit, similar to a credit card or other revolving credit.
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APRs (Annual Percentage Rates) represent a rate calculated over a 12-month timespan. However, Flex Loan terms range from weeks to months. Imagine you asked to rent a hotel room for an entire year. The cost would be huge. Yet, the cost of a single night isn’t so bad. The same logic applies to short-term loan…
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An Installment Loan provides a large lump sum of cash all at once. Then, it is repaid over weeks or months with scheduled payments. A Flex Line of Credit offers multiple cash advances up to your maximum approved credit limit. This revolving Flex Line of Credit remains open indefinitely for you to use whenever you…
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State laws regulate the maximum Flex Loan amount. These typically range from $50 to $4,000, depending on your state. The Flex Loan you receive is based on your eligibility and ability to repay.
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There is no set term date for a Flex Line of Credit. So long as your account remains current, you will have access to your Flex Line of Credit. Plus, you can borrow more (up to your credit limit) even with an existing balance.
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