What do you do when you’re facing an emergency expense? Do you tap into your emergency fund and take care of it without a hitch? Or do you scramble to figure out how you’re going to come up with the money to handle it? The most important thing you can do when it comes to emergency expenses is to prepare for them ahead of time, but if you don’t have enough savings in the bank to deal with them, it’s helpful to have a backup plan in mind.
If you need some help dealing with an unexpected expense, online personal loans may be able to help! With a CC Flow Line of Credit in Alaska, you may be able to qualify for a personal line of credit with a credit limit between $500 to $2,500.
The CC Flow Line of Credit is provided by CC Flow, a division of Capital Community Bank (CCBank), a Utah Chartered bank, located in Provo, Utah, Member FDIC. CC Flow maintains control over loan origination, underwriting approvals, and regulatory and compliance oversight management. The CC Flow Line of Credit is available through MoneyKey, an authorized servicer.
Borrowing money online can seem a little scary if you’re new to it, but it may be more straightforward than you think! Submitting a request for this Alaska Line of Credit is quick and easy. It’s a simple process and the terms are clearly laid out in your credit agreement. If approved, you may be able to get your funds deposited from CC Flow into your bank account on the same business day that you request a draw*!
What one person might consider to be an emergency situation may be different for the next person. Having said that, there are certain situations that’ll likely constitute an emergency for a lot of people. This can include things like:
In any case, a line of credit may be able to help you deal with your emergency expense! Here are some of the key details of a CC Flow Line of Credit.
If approved, your credit limit will range between $500 and $2,500, depending on certain criteria. Depending on eligibility and payment history over time, your credit limit may increase up to $3,500†.
If you’re in need of funds, you can withdraw however much money you need from your available credit, as long as your account remains in good standing. This could be all the funds you have available to you in that moment, or you could draw funds in smaller amounts.
If you have an outstanding balance on your account, you will need to make a Minimum Payment for each Billing Cycle.
Your Minimum Payment will be made up of two components:
You can always make additional payments on your Line of Credit. Log into your secure account to make a payment online. Contact a friendly Customer Care agent at 1-866-255-1668 if you have any questions.
If you have an outstanding balance, you will be charged a Billing Cycle Charge each billing cycle based on the Average Daily Principal Balance that appears on your periodic statement. A portion of each Minimum Payment will always contribute to paying off your principal balance.
For further details, visit the CC Flow Cost of Credit page.
The CC Flow Line of Credit is provided by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. Requests for the CC Flow Line of Credit can be submitted through the MoneyKey website.
In order to request a CC Flow Line of Credit in Alaska, you must:
Please note that currently, no credit products offered through MoneyKey have rates that would meet the requirements applicable to lend to covered members of the US Armed Forces and their dependents.
No appointment will be required to apply for a CC Flow Line of Credit. If you’d like to submit a request, all you need to do is click here to start the application process. It’s easy to submit a request for this online Line of Credit in Alaska and it only takes a few minutes to complete◆.
If you’d like more information on this process, you can call us at 1-866-255-1668 and someone from the Customer Care team will be happy to help you.
Yes, if you’re able to, you can pay down as much of your Line of Credit balance as you can. This will help to decrease the charges you’ll end up paying, and it’ll also help to make sure you have a higher amount of available credit. If you’d like to make additional payments, log into your secure online account any time to make a payment or contact 1-866-255-1668.
The process of working your way through the application process for a CC Flow Line of Credit in Alaska is fast. It only takes a few minutes to submit a request, and if your application is approved, you may be able to request a draw and receive your funds as soon as the same business day*. You can take a look at the general FAQs section to learn more about the specific details regarding funding times.
If you’re looking for a personal line of credit to give you a hand with a financial emergency, a CC Flow Line of Credit may be just what you need! You can submit a request from anywhere you can access the Internet; the application process is fast and simple. As you can request this online Line of Credit 24/7, you won’t need to worry about travel time or business hours!
As long as the payments you’re making on your line of credit are being reported to a credit bureau and you’ve made them all on time, you may be able to impact your credit history. Having said that, missing payments or making late payments on your line of credit or personal loan may have a negative impact on your credit score.
No, a line of credit is not the same thing as a payday loan. An online payday loan is a type of short-term personal loan that you’ll need to pay back by your next pay date. There are several key distinctions between an online line of credit and a payday loan.
One of the biggest ones is that with a line of credit, you won’t be required to pay back what you’ve borrowed on your next payday. A line of credit falls into the category of revolving credit. This means that if you have an outstanding balance, you’ll need to make a minimum payment (at least) during each payment cycle to keep your account in good standing. You should try to make additional payments on top of your minimum payments whenever you’re able to. This can help to reduce your outstanding balance and lower the total amount of charges you’ll need to pay.
Like we’ve said, a line of credit falls under the umbrella of revolving credit. If your application for one is approved, you’ll be able to draw funds from a pre-determined credit limit, up to your available credit as needed.
With a CC Flow Line of Credit in Alaska, you will be charged billing cycle charges based on the money that you’ve drawn, not on the total amount of your approved credit limit. If you have an outstanding balance, you’ll be required to make Minimum Payments each Billing Cycle to keep your Line of Credit account in good standing. You can request draws from your available credit so long as your account is in good standing.
You won’t gain access to a credit limit if you get approved for an installment or payday loan. Instead you’ll get your funds in the form of a lump sum. If you’re approved for a payday loan online, you’ll need to pay back what you owe by your next pay date. With an installment loan, your payments will be spread out over a series of scheduled payments.