Fees

These are the line of credit fees as originally published on this site. If you submit a request through the online form today, the lender that reviews it sets its own fees and APR and must disclose them before you sign.

Line of credit fees

Credit line amount	$400 to $2,500
Finance fee	$7.50 for every $25 in average principal outstanding during a standard billing cycle
Standard billing cycle	7 to 21 days; the first billing cycle may not be a standard billing cycle
Billing cycle fee	$2.50 per standard billing cycle
Interest	APR of 10% for each billing cycle
Minimum payment	The finance charge plus 3% of the outstanding principal, debited from your bank account on each due date (your pay date)
Paying early	Allowed; contact us at least 3 business days before the due date. No refund or discount of fees
Statements	A billing statement is e-mailed every 2 weeks, a few days before the due date

Credit Line Example: $500 Credit Limit. $200 initial advance.

If you opened up a revolving line of credit with our company for $500 and received an initial advance of $200, you would only accrue interest on the $200 outstanding balance, NOT on your entire $500 credit limit. If you choose to request an advance of the additional $300 that is available to you, then you will begin to accrue interest charges on the full $500, provided you did not pay back any of the initial $300 principal during that time.

This line of credit account is designed as a short-term cash flow solution and not designed as a solution for a longer term financial need. Additional fees may accrue if the outstanding principal balance is not paid at the end of the billing cycle. The exact availability of the funds is subject to your bank’s processing schedules and policies. Remember, if you are approved on a Friday and the following Monday is a bank holiday, you will not receive your funds until Tuesday. If you have any questions, please contact your bank’s ACH department.

Questions about fees or repayment? Read the FAQ or contact us.