Last Updated: 04/18/2025
SuperMoney User Recommendation Score -25
Mostly not recommended8 total votes
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Highlights
Community Rating
Mostly not recommended
Amount Range
$500 - $5,000
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APR (Fee-Based Product)
Starting at 65%(Verified 09/24/2024)
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Number of Reviews
CreditFresh - Line of Credit Review
CreditFresh - Line of Credit is offered through CreditFresh Inc., founded in 2019 and based in Newark, DE. It is made possible by a bank partnership with CBW Bank. CreditFresh are available in 15 states.
CreditFresh - Line of Credit FAQ
What APRs does CreditFresh - Line of Credit offer?
CreditFresh - Line of Credit offers a fee or charge based product that starts at 65% APR.
CreditFresh - Line of Credit offers a charge-based product with an annualized rate dependent on how the product is used. Unlike most credit lines, which typically charge a simple daily interest rate, CreditFresh - Line of Credit does not have a periodic interest rate. Instead, it charges a billing cycle charge each payment period based on the average daily principal balance. The effective APR will vary depending on the line of credit usage and payment behavior. Does the CreditFresh - Line of Credit charge an origination fee?
No, CreditFresh - Line of Credit does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does the CreditFresh - Line of Credit charge a cash advance fee?
No, CreditFresh - Line of Credit doesn't charge a cash advance fee. Some lenders charge a cash advance fee every time borrowers withdraw cash from their line of credit. Typically, fees range from 0.5% to 10% of the amount withdrawn.
Is there a billing cycle charge?
Yes, CreditFresh - Line of Credit has a billing cycle charge of $5 to $613 each billing cycle.
Does CreditFresh - Line of Credit charge a late fee?
No, CreditFresh - Line of Credit will not charge you a late fee .How much can you borrow via CreditFresh - Line of Credit?
Upon approval and based on your credit worthiness, your CreditFresh - Line of Credit personal line of credit will be assigned a credit limit of at least $500 and as much as $5,000. .
| Cash Advance Fee | N/A |
| Origination Fee | No |
| Prepayment Fee? | No |
| Late Payment Fee | No |
| Statement Balance Fee | No |
| Billing Cycle Charge | $5 - $613 |
What do you need to qualify for CreditFresh - Line of Credit?
CreditFresh - Line of Credit does not require or does not disclose a credit score minimum. The minimum age to be eligible is 21 or the state minimum, whichever is higher. CreditFresh - Line of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by CreditFresh - Line of Credit.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking or savings account
- Proof of income
- Proof of identity
What is the estimated funding time for a personal line of credit via CreditFresh - Line of Credit?
CreditFresh - Line of Credit will typically fund personal lines of credit within 1 business day of approval.Does CreditFresh - Line of Credit report your account activity to credit bureaus?
Yes, CreditFresh - Line of Credit reports to the following credit bureaus:
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does CreditFresh Inc. perform a hard credit pull?
Yes, CreditFresh performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for CreditFresh - Line of Credit
- Visit the CreditFresh - Line of Credit website.
- Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
- Check the information is accurate and submit your application.
CreditFresh - Line of Credit Disclosure: The Line of Credit is offered by CBW Bank, Member FDIC and is available through CreditFresh. CBW Bank will be responsible for underwriting, approving and funding the Line of Credit. You must apply on the CreditFresh website to be approved for a Line of Credit (this includes consumers who receive a pre-qualified offer). This offer is not guaranteed. It is your responsibility to review all offers available to you and choose the most appropriate offer for your financial circumstances. All requests are subject to standard underwriting policies. 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 time. You will receive notices, as applicable, regarding your individual circumstances and eligibility. Terms displayed in the offer, specifically “Max. Monthly Payment”, “APR”, and “credit limit”, assume: the entire amount of the Line of Credit is outstanding for one full billing cycle and a monthly pay frequency. Terms displayed, including “APR”, may vary and are subject to change based on the consumer’s verified information, pay frequency, creditworthiness, Line of Credit usage and payment behavior. If you have an Outstanding Balance, you will need to make regular Minimum Payments which include a Billing Cycle Charge based on your Average Daily Principal Balance, and a Mandatory Principal Contribution. Your billing cycle may be monthly, semi-monthly, or bi-weekly. There is no periodic rate for this product. The APR displayed is an indicative annualized APR based on the assumptions above, with the appropriate billing cycle charge applied. The actual effective APR will vary depending on your actual utilization. See the Billing Cycle Charge table for the complete range of Billing Cycle Charges applicable to the Line of Credit. A range is provided for the Billing Cycle Charge as Line of Credit terms will vary based on each applicant’s qualifications. For example, if the Average Daily Principal Balance appearing on your periodic statement is $550.00, if you are paid weekly, bi-weekly or semi-monthly, your Billing Cycle Charge will be between $30.00 and $38.00, but if you are paid monthly, your Billing Cycle Charge will be between $64.00 and $80.00 because the length of your billing cycle is longer. Not all requests are approved; duration of approval process may vary. “Max. Monthly Payment” is the Minimum Payment due at the end of the billing cycle, which includes the applicable Billing Cycle Charge and a Mandatory Principal Contribution. Any requested funds may be deposited into your bank account the same business day, depending on the time of request; timing of funding may vary. The date and time requested funds are made available to you by your bank are subject to your bank’s policies. For specific funding cut-off times, visit the FAQs on the CreditFresh website. Your account activity may be reported to both prime and subprime credit reporting agencies. The exact impact of reporting your Line of Credit account to your prime credit score is unknown as your credit score is influenced by numerous contributing factors. Documents requested to qualify for credit are subject to change and may vary based on individual circumstances.
View CreditFresh - Line of Credit's published terms & conditions
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from CreditFresh
Hours of Operation
Sunday
10:00AM - 6:00PM
Monday
8:00AM - 9:00PM
Tuesday
8:00AM - 9:00PM
Wednesday
8:00AM - 9:00PM
Thursday
8:00AM - 9:00PM
Friday
8:00AM - 9:00PM
Saturday
10:00AM - 6:00PM
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users mostly don't recommend this product, giving it a user recommendation score of -25, or 2.5 on a 5-point rating scale.
-25
-1000+100
No one recommends
Everyone recommends
CreditFresh - Line of Credit Community Reviews
Would you recommend CreditFresh - Line of Credit to your friends?
U
Anonymous
Dec 21, 2023
May or may not recommend
The interest is crazy expensive. I withdrew $50 two months ago and they take out $25 every two weeks. I have paid for that $50 three times over. Needless to say I closed my account. I wish I had done a little more investigating.
MJ
Ms J.
Jan 4, 2023
May or may not recommend
This is for people with fair credit. Credit Fresh is designed to create additional debt, making it extremely difficult to pay off. The monthly payments are very high with only 2% (TWO PERCENT) being applied to the principal. DO NOT request this line of credit/loan unless you have Money to throw away!!! If the loan is needed an emergency or something else very important, please seek other options!!! ...Show More
Bill J.
May 11, 2022
May or may not recommend
Total bait & switch. Kept getting Robo calls asking me to log into my account to verify some items, but my account only listed bank verification, and it said it was already done. So, after a couple days of the same old thing, I finally called them. The customer service rep proceeds to do the verification again and explains the terms to me even though I told ...Show More
U
Anonymous
May 1, 2022
May or may not recommend
This company is unethical. Read the BB complaints about it, you will understand. stay away, they are thieves.
U
Anonymous
Apr 12, 2022
May or may not recommend
You should borrow from the mafia before you borrow from this company you should borrow From Adolf Hitler before you borrow from this company... Whoever is borrowing from this company please read the contract read the fees that they're charging........ they charge astronomical Fees For example if you borrow 1600 like I did you'll be it you'll be paying triple the amount if you pay minimum payments but I ...Show More
SR
Samuel R.
Mar 2, 2022
May or may not recommend
THIA SITE IS AVERY GREAT SITE TO DEAL WITH IF YOU NEED AN URGENT LOAN WITH GOOD CS FOR INSTANT APPROVAL
Antonyo H.
Sep 24, 2021
May or may not recommend
Just recently used this company and they are very legit and honest when it comes to your credit and what you should do to make it better.
LW
Leigha W.
Dec 23, 2020
May or may not recommend
If you need to get a loan then CreditFresh would be the perfect place to start, they don’t have any hidden fees or charges popping up unexpectedly. They make the process of paperwork seem like a not so extravagant task, and you’re quick to know the outcome instead of waiting impatiently for hours before you find out your face. They will also report your on time payments to help increase ...Show More
Showing 8 of 8 reviews