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Personal Lines of Credit
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Last Updated: 04/18/2025

CreditFresh - Line of Credit

in Personal Lines of Credit from CreditFresh Inc.

Last Updated: 04/18/2025

CreditFresh - Line of Credit logo
Mostly not recommended8 total votes
3 users recommend
5 users don't recommend
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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

8

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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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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. .

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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CreditFresh - Line of Credit logo

Message from CreditFresh

With a Line of Credit by CBW Bank through CreditFresh, you will have a flexible way to access credit when you need it. You will only pay charges on what you borrow. The process to apply is quick and easy with clear repayment terms! The Line of Credit is offered by CBW Bank, Member FDIC.

Contact

Headquarters

200 Continental Drive, Suite 401
Newark, DE 19713
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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

Other Services by CreditFresh Inc.