Table of Contents
What is a flex line of credit?
A flex loan is a type of credit that can seem pretty convenient. Like a personal line of credit, a flex loan lets you borrow money, repay some or all of your balance, and then borrow again up to your credit limit.
What states is elastic available in?
Elastic is available in 39 states and Washington DC. Residents of Colorado, Connecticut, Georgia, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Vermont and West Virginia aren’t eligible to apply. Each time you request an advance, you can access your funds within a day or two.
What credit score do I need for a line of credit?
670 or higher
This provides access to unsecured funds that can be borrowed, repaid, and borrowed again. Opening a personal LOC usually requires a credit history of no defaults, a credit score of 670 or higher, and reliable income.
Is it hard to get approved for a line of credit?
It usually is difficult to get an unsecured LOC approved unless you are a well-established business or an individual with an excellent credit rating. An enduring relationship with the bank or credit union doesn’t hurt. Credit cards are the most common form of unsecured lines of credit.
Does Flex help your credit score?
During the application process, Flex runs a soft credit check on the resident which does not affect their credit score.
Does elastic verify income?
We will ask for personal information including details about your residence, income and Checking Account. We will also verify your identity which may include confirmation of your active Checking Account.
How long does it take to get money from elastic?
Elastic will typically provide a credit approval decision in less than an hour and fund the line of credit within 1 business day.
Do you need good credit for Flex?
Good credit isn’t necessary for approval Even if you have fair or bad credit, you can still get approved for a flex loan. Many lenders will look beyond your credit score when considering your application. Note that you may have to meet other requirements, such as showing a steady proof of income.
How long does it take to get approved for Flex?
The Chase Freedom Flex approval time can be as little as a minute if you’re a clear match for the card’s approval requirements. If you don’t get instantly approved, it usually takes 7-10 business days to receive a decision on your application.
Is a flex loan a payday loan?
A FLEX Loan is not a payday loan. It’s an open-end line of credit. You apply once and are approved for a maximum amount of cash, called your credit limit. You can withdraw any amount up to your maximum credit limit.
Does elastic Give credit line increases?
About Elastic You can request Cash Advances up to your Credit Limit.
Do unused lines of credit hurt your credit score?
Do unused credit lines hurt your credit score? Unused lines of credit typically improve your utilization rate, which would improve your credit score. However, HELOCs are a type of revolving credit, just like a credit card.
What credit score do you need for a $10000 personal loan?
640 or higher
You will likely need a credit score of 640 or higher to get approved for a $10,000 personal loan. Most lenders that offer personal loans of $10,000 or more require fair credit or better for approval, along with enough income to afford the monthly payments.
What is a flex loan in Kansas?
In Kansas, Advance Financial offers FLEX Loans for your monetary needs. FLEX Loans operate as an open end line of credit, where you can borrow up to $4,000. With Installment Loans, you can borrow up to a maximum sum of $500 that is to be paid in a fixed loan term.
How do I qualify for a line of credit in Kansas?
To qualify for a Line of Credit in Kansas, you must: Have a valid contact number and an active email address Please note that we currently do not offer credit products with rates that allow us to lend to covered members of the US armed forces and their dependents. Is this a payday loan? This is not a payday loan.
How do I get cash from a 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. Speak to a friendly agent at your nearest store to find out how much cash you’re pre-qualified to receive.
Can I get a flex line of credit with bad credit?
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.