Forum Credit Union Personal Line of Credit Review

Forum Credit Union Personal Line of Credit is offered by Forum Credit Union, a credit union founded in 1941 and based in Fishers, IN. Forum Credit Union Personal Line of Credit is available in 1 state across the USA.

What APRs does Forum Credit Union Personal Line of Credit offer?

Forum Credit Union Personal Line of Credit offers a variable APR product that ranges from 9% APR up to 21% APR.

Does Forum personal line of credit charge an origination fee?

Yes, they charge a line of credit origination fee.

Does the Forum personal line of credit charge a cash advance fee?

Yes, they may charge a fee.

Does the Forum Credit Union Personal Line of Credit charge a statement balance fee?

No, this lender does not charge a statement balance fee.

Does Forum Credit Union Personal Line of Credit charge a late fee?

Yes, they may charge borrowers a late payment fee.

How much can you borrow via Forum personal line of credit?

Upon approval and based on your credit score, your personal line of credit will be assigned a credit limit of at least $500 and as much as $25,000. .

Forum Credit Union Personal Line of Credit Fees

Cash Advance Fee	N/A
Origination Fee	No
Prepayment Fee?	No
Late Payment Fee	No
Statement Balance Fee	No

What do you need to qualify for Forum Credit Union Personal Line of Credit?

Applicants with a credit score of at least 680 and up to 850 may be eligible for Forum Credit Union Personal Line of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Forum Credit Union Personal Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Forum Credit Union Personal 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. Active duty service members and their covered dependents are eligible to apply for a loan via Forum Credit Union Personal Line of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Forum Credit Union Personal Line of Credit. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Applicants must have an active and valid personal checking account
• Recent pay stubs
• Proof of income
• Driver's license
• Proof of identity
• Proof of citizenship or residence permit
• Proof of residence

Does Forum Credit Union Personal Line of Credit report your account activity to credit bureaus?

Yes, Forum Credit Union Personal Line of Credit reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• 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 Forum personal line of credit

• Visit the 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.