Online Line of Credit
A personal line of credit is a simple alternative to a classic loan. You may borrow as much or as little as you need within approved line of credit limit. This gives you unparalleled flexibility and control, and you only pay interest on the amount you actually use.
Open Now!Instant Line of Credit Online – Features and Benefits
Immediate Online Approval
When you apply for a personal line of credit online through PaydayAllDay, you will receive an instant loan decision. Final approval usually takes a few hours. Your funds will generally be available on your bank account within one business day.
The Flexibility You Need
With a personal line of credit, you are in control. Don’t need to use all the money you were approved for? You don’t have to. You decide how much of the line of credit to use, and when.
No Need to Reapply and No prepayment penalty
Principle all paid off? Borrow more if you need it. You do not need to submit another loan application. You personal line of credit will be active up to 24 months! If you get your line of credit paid off early, you will not be charged a fee.
Easier and More Affordable to Pay Back.
With an online line of credit, you are only charged interest on the money you borrow. That means if you do not borrow against the full amount for which you are approved, you only pay interest on that which you do. Multiple repayment options are offered so that there is a flexible solution for every customer.
Bad Credit? Not a Problem!
Our lenders perform an alternative credit check. This soft check does not damage your credit score. Many of our lenders are more than willing to open an online line of credit for customers whose credit scores might be considered “bad.â€
Requirements
In order to apply for an online line of credit, you must meet the following requirements:
- Be age 18 or above;
- Be a US citizen;
- Have a bank account with direct deposit option;
- Have a valid address, email, phone;
- Have a steady, reliable income source.
Safety Warnings
Safety Warnings for Instant Online Lines of Credit Loans:
- Only borrow money you can afford to pay back.
- Beware of websites which “guarantee†approval or make other unrealistic promises.
- Watch out for debt collection scams. Read more here.
State Information
While a line of credit loans are available in most states, residents of some may not be eligible for this type of loan product. To find out whether you can get an instant line of credit online in your state, see this page.
Repayment Information
For your convenience, lenders offer several easy repayment methods. There are never any penalties for prepayment. With a personal line of credit, you borrow only what you need, keeping interest and fees to a minimum.