Dealing with a financial emergency can be a tricky spot to be in at the best of times. When money is tight and you don’t have a well-padded emergency savings fund to fall back on, it can be an even bigger challenge. So, in these situations, what do you do?
Ideally, you’d like to have put yourself in a position ahead of time to be able to handle financial emergencies when they inevitably arise at some point down the line. This can be done by making steady contributions to a specific savings fund dedicated for emergencies. But if you haven’t thought ahead or felt like you had the means to put aside money for this particular use, there may be other options for you to explore.
So, if you’re facing an emergency expense and don’t have savings to fall back on, personal loans online may be able to help! With a CC Flow Line of Credit in Arkansas, 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.
Even if you don’t have any experience with the online borrowing process, submitting a request for this Arkansas 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*!
Emergencies come in all shapes and sizes, and certain predicaments may be more or less serious depending on your personal situation. Maybe a flat bike tire is just a simple inconvenience for you, but that same situation can be a lot more serious for someone who relies on bike transportation to get to work. In the end, it’s up to you to assess your situation and determine how serious your needs are. Having said that, there are certain situations that can be considered to be more common emergencies than others. 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 Arkansas, 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 necessary to apply for a CC Flow Line of Credit. As long as you’re connected to the Internet, you can apply online any time. 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 Arkansas 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, you can. In fact, keeping your account in good standing and making additional payments can help you pay down your balance, increase your available credit and decrease your charges. 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.
It will generally only take you a few minutes to complete the application process for a CC Flow Line of Credit in Arkansas, and if you’re approved, you may be able to request a draw and receive your funds from CC Flow 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 searching for a personal line of credit to give you a hand with a financial emergency, a CC Flow Line of Credit may be able to help! You can submit a request from anywhere you can access the Internet. As you can request this online Line of Credit 24/7, you won’t need to worry about travel time or business hours!
If the payments you make on your line of credit are reported to a credit bureau and you’ve been able to make them all in a timely manner over a relatively long period, it may have an impact on your credit history. With this in mind, make sure you always make your payments on time, as missing payments or making late payments on your line of credit could do damage to your credit score.
No, lines of credit are different from payday loans. With an online payday loan, you’ll need to pay back your loan by your next pay date. With a line of credit, this won’t be the case.
A line of credit is a type of revolving credit. This means that if you get approved for one, you won’t be given a lump sum of money like you would with a payday loan. Instead, you’ll gain access to a credit limit which you can draw from. You’ll need to at least make a minimum payment during each payment cycle to keep your account in good standing. You should try to pay more than the minimum amount required when you can. This can help to reduce your outstanding balance and lower the total amount of interest you’ll need to pay.
As we’ve touched on, a line of credit is a form of revolving credit.
With a CC Flow Line of Credit in Arkansas, 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.