A Better Way to Borrow

Get a Personal Line of Credit Between
$500 – $5,0001


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Unlike traditional online loans (such as installment loans), with a Line of Credit offered through CreditFresh, you aren’t required to borrow the entire amount you are approved for all at once. Access the money you need anytime, so long as you have available credit and your account is in good standing.

The product is easy to understand, with one simple charge for each billing cycle based on the amount of money you have withdrawn and clear repayment terms. No cash advance fees, late fees, early payment fees, or annual fees.

The process to submit a request is simple, quick, and completely transparent. When making a draw, funds are typically deposited into your bank account the same business day3.

Transparent and Competitive Pricing

With the Line of Credit from a Bank Lending Partner through CreditFresh, it’s easy to know how much you will be charged each billing cycle. Here’s how your Minimum Payment is calculated:

Mandatory Principal Contribution

A portion of each Minimum Payment goes directly to your principal balance to ensure you are always paying down your balance.

The Mandatory Principal Contribution is calculated as follows:

  • If you receive your income on a non-monthly basis: the greater of 3% of the Outstanding Principal Balance at the end of the billing cycle or $15 (if the Outstanding Principal Balance is less than $15, then the entire balance will be due)
  • If you receive your income on a monthly basis: the greater of 6% of the Outstanding Principal Balance at the end of the billing cycle or $30 (if the Outstanding Principal Balance is less than $30, then the entire balance will be due)

See Billing Cycle Charge tables below:

Billing Cycle Charge Tables

Your Line of Credit Agreement will indicate the specific Billing Cycle Charges applicable to your Line of Credit. The Billing Cycle Charges you are eligible for may vary based on your qualifications*. As you move through your credit journey, you may also be eligible for reduced billing cycle charges and/or increased credit limits based on your payment history over time5. Please find all Billing Cycle Charge Tables below.

If the “Average Daily Principal Balance” appearing on your periodic statement is:If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be:If you are paid monthly, your Billing Cycle Charge will be:
$0.01 – $9.99$5.00$10.00
$10.00 – $249.99$15.00$30.00
$250.00 – $499.99$30.00$60.00
$500.00 – $749.99$38.00$76.00
$750.00 – $999.99$55.00$110.00
$1,000.00 – $1,249.99$70.00$140.00
$1,250.00 – $1,499.99$85.00$170.00
$1,500.00 – $1,749.99$95.00$190.00
$1,750.00 – $1,999.99$105.00$210.00
$2,000.00 – $2,249.99$115.00$230.00
$2,250.00 – $2,499.99$120.00$240.00
$2,500.00 – $2,749.99$135.00$270.00
$2,750.00 – $2,999.99$145.00$290.00
$3,000.00 – $3,249.99$160.00$320.00
$3,250.00 – $3,500.00$175.00$350.00
If the “Average Daily Principal Balance” appearing on your periodic statement is:If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be:If you are paid monthly, your Billing Cycle Charge will be:
$0.01 – $9.99$5.00$10.00
$10.00 – $249.99$10.00$20.00
$250.00 – $499.99$25.00$50.00
$500.00 – $749.99$35.00$70.00
$750.00 – $999.99$50.00$100.00
$1,000.00 – $1,249.99$60.00$120.00
$1,250.00 – $1,499.99$75.00$150.00
$1,500.00 – $1,749.99$85.00$170.00
$1,750.00 – $1,999.99$90.00$180.00
$2,000.00 – $2,249.99$100.00$200.00
$2,250.00 – $2,499.99$105.00$210.00
$2,500.00 – $2,749.99$115.00$230.00
$2,750.00 – $2,999.99$120.00$240.00
$3,000.00 – $3,249.99$135.00$270.00
$3,250.00 – $3,499.99$150.00$300.00
$3,500.00 – $3,749.99$155.00$310.00
$3,750.00 – $3,999.99$165.00$330.00
$4,000.00 – $4,249.99$175.00$350.00
$4,250.00 – $4,499.99$190.00$380.00
$4,500.00 – $4,749.99$200.00$400.00
$4,750.00 – $5,000.00$205.00$410.00
If the “Average Daily Principal Balance” appearing on your periodic statement is:If you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be:If you are paid monthly, your Billing Cycle Charge will be:
$0.01 – $9.99$5.00$10.00
$10.00 – $249.99$10.00$20.00
$250.00 – $499.99$15.00$30.00
$500.00 – $749.99$20.00$40.00
$750.00 – $999.99$30.00$60.00
$1,000.00 – $1,249.99$45.00$90.00
$1,250.00 – $1,499.99$50.00$100.00
$1,500.00 – $1,749.99$60.00$120.00
$1,750.00 – $1,999.99$75.00$150.00
$2,000.00 – $2,249.99$80.00$160.00
$2,250.00 – $2,499.99$95.00$190.00
$2,500.00 – $2,749.99$100.00$200.00
$2,750.00 – $2,999.99$105.00$210.00
$3,000.00 – $3,249.99$115.00$230.00
$3,250.00 – $3,499.99$125.00$250.00
$3,500.00 – $3,749.99$130.00$260.00
$3,750.00 – $3,999.99$140.00$280.00
$4,000.00 – $4,249.99$145.00$290.00
$4,250.00 – $4,499.99$155.00$310.00
$4,500.00 – $4,749.99$160.00$320.00
$4,750.00 – $5,000.00$165.00$330.00

*You will receive a notice explaining how your credit score may impact the cost of your Line of Credit. If you are an existing customer, please refer to your Line of Credit Agreement for terms and conditions.

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3-Step Process to Open Your Line of Credit

Step 1 Submit Your Request
Step 2 Get Approved1
Step 3 Request a Draw Online

A Line of Credit through CreditFresh provides you with the financial flexibility to have a safety net for unexpected expenses that may come your way. Submit a request today – getting started is simple and the process only takes a few minutes to complete. Checking eligibility won’t affect your credit score.

Why Choose a Line of Credit through CreditFresh?

Lower Rates than Traditional Small-Dollar Loans and No Hidden Charges

You are only charged for the credit that you use and you get the flexibility that comes with having an online Line of Credit. No cash advance fees, late fees, early payment fees or annual fees!

Fast Funding3

Enjoy fast funding as soon as the same business day3 so that you can handle emergency expenses with utmost urgency.

Trusted by 80,000+ Customers

Don’t take our word for it – see what customers have to say!

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Requests for credit submitted on this website may be originated by one of several Bank Lending Partners, including: CBW Bank, Member FDIC and First Electronic Bank, Member FDIC.

CBW Bank and First Electronic Bank, as applicable, reserve the right to assess your creditworthiness periodically.

A Line of Credit through CreditFresh is an expensive form of credit and should not be used as a long-term solution.

1 Not all requests are approved; duration of approval process may vary. Credit limits may vary and are subject to verification criteria.
2 The exact impact of payment(s) and/or account activity on your Line of Credit through CreditFresh to your credit score is unknown as your credit score is influenced by numerous contributing factors.
3 If approved, any requested funds will typically be deposited into your bank account the same business day; timing of funding may vary. The date and time the funds are made available to you by your bank is subject to your bank’s policies. For specific funding cut-off times, click here.
4 If you have an upcoming due date and would like to set up an Automated Clearing House (ACH) payment, your request must be received by 6:00 PM ET one (1) business day before your due date. Processing of payments are subject to your bank’s policies.
5 As you move through your credit journey, your account may become eligible for reduced billing cycle charges and/or increased credit limits based on a good payment history over time. You will receive notices, as applicable, regarding your individual circumstances and eligibility.

       

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