CreditFresh - Line of Credit

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 - Line of Credit are available in 15 states across the USA.

What APRs does CreditFresh - Line of Credit offer?

CreditFresh - Line of Credit offers a fee or charge based product that starts at 65% APR.

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 Typically, fees range from 0.5% to 10% of the amount withdrawn.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 $410 each billing cycle.

Does CreditFresh - Line of Credit charge 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?

To qualify for personal lines of credit with CreditFresh - Line of Credit, applicants need a minimum annual income of $40,000 or higher. CreditFresh - Line of Credit will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the CreditFresh - Line of Credit product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

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?

Does CreditFresh - Line of Credit report your account activity to credit bureaus?

Yes, CreditFresh - Line of Credit reports your account activity to the following credit reporting agencies:

• 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 improve your credit.

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.