Navigating your loan journey can be difficult and even scary sometimes. But we want to make things as easy as we can. Here, you’ll find commonly asked questions along with helpful answers and guidance.
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All Flex Line of Credit Results
How do I close a Flex Line of Credit?
You may close your Flex Line of Credit at any time by calling us at 877-262-2274. Please review your Flex Line of Credit agreement for more information.
Can I still get a Flex Line of Credit even if I have bad credit?
Yes. Even if you’ve had bad credit in the past, or still have less-than-perfect credit, you may still be eligible for a Flex Line of Credit from Check Into Cash. If you meet our basic eligibility and underwriting requirements, you could still receive the quick money you need, so don’t hesitate to apply.
How do I get the money from my Flex Line of Credit?
Once you have been approved for a Flex Line of Credit, you can then choose how much cash you wish to draw from your available credit limit, and the money will be electronically deposited into your active checking account.
How long does it take to get a Flex Line of Credit?
After filling out and submitting our easy Flex Line of Credit application, you can be approved for a Flex Line of Credit within minutes.
How often may I request cash from my Flex Line of Credit?
As long as your balance has not exceeded your credit limit, you can make as many cash requests whenever you want. Your Flex Line of Credit Agreement will give details on minimum amount required to process a cash advance.
Why is the APR Percentage So High?
APRs (Annual Percentage Rates) represent a rate calculated over a 12-month timespan. However, Line of Credit 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 APRs.
What’s the difference between a Payday Loan vs. Flex Line of Credit?
For a Payday Loan, you’ll receive a one-time cash advance that you will repay on your next pay date, typically in two to four weeks.
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 need.
Why would I need a Flex Line of Credit?
A Flex Line of Credit can be used for ongoing costs like home improvements, car repairs, or small business costs. Or, consolidate several loan payments into one to save money and allow peace of mind.
These types of loans are helpful when you need available cash for ongoing expenses.
What do I need to apply for a Flex Line of Credit?
Each state has its own Flex Line of Credit requirements. You may need some or all items below:
- An Active Bank Account
- Government-Issued Photo ID
- Proof of Income
- Most Recent Bank Statement
- Checking Account + Bank Routing Number
- Social Security Number/ITIN
Visit our Rates & Terms page to see exactly what you’ll need.
How much money can I borrow?
State laws regulate the maximum Line of Credit amount. These typically range from $50 to $4,000, depending on your state. The Line of Credit you receive is based on your eligibility and ability to repay.
What is a Flex Line of Credit?
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 Credit can be available as long as you want without having to reapply. This resource can help with recurring bills, home improvements, or large purchases.
Do I have to pay down the full amount of my Flex Line of Credit each month?
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.