If you’ve ever been face to face with an emergency expense and felt a slow trickle of sweat run down your back, no one would blame you. When an unexpected expense creeps into your life, it’s normal to have a moment or two of stress as you wonder how you’re going to deal with it.
The best way to combat these types of situations is to plan for them ahead of time. You can do this by making regular contributions to an emergency fund, which is specifically meant to help you when you unexpectedly find yourself in a bit of financial trouble. The issue here is that a savings fund like this can take a lot of time to build up, and if you get caught with an emergency when your savings are still low, you’ll need to have a backup plan.
This is where online personal loans may be able to give you a hand! With a CC Flow Line of Credit in Indiana, 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.
One way in which this Indiana Line of Credit may be able to help you is by making the online borrowing process simple and fast, even if you’re completely new to it. It’s straightforward and it’s easy to work your way through this process. All the terms will be 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*!
An important aspect of dealing with an emergency expense is the process of assessing whether it’s actually an emergency. For example, let’s say you’re cruising along on your bike when you suddenly feel the chain break. This situation can mean very different things for different people. If you use your bike to get to work everyday and could end up missing shifts if you don’t have access to it, getting it fixed would probably be a fairly immediate need for you. On the other hand, if you don’t need your bike for anything essential, maybe you can afford to take a month or two to save up for the cost of repair.
Basically, you’ll need to examine your personal situation to deem whether or not your expense can be considered an emergency. However, there are certain situations that more people may consider to be an emergency than not. 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 Indiana, 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.
When it comes to online loans, you generally don’t need to make an appointment to apply. With a CC Flow Line of Credit in Indiana, you can submit a request online whenever you’d like, as long as you’re connected to the Internet.
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 Indiana 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, it’s typically a smart idea to pay more than the minimum whenever you have the means to. Why? Well, this can help you to decrease the amount of charges that you’ll need to pay on what you’ve drawn from your line of credit. It can also help you pay down your balance and increase your available credit. If you’d like to make additional payments on your CC Flow Line of Credit, log into your secure online account any time to make a payment or contact 1-866-255-1668.
If you’d like to submit a request for a CC Flow Line of Credit in Indiana, you can generally get through the application process in a few minutes. 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 in need of a personal line of credit to help you out with an unexpected expense, 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!
Generally speaking, the answer would be yes. This will typically be the case if the payments you make on your line of credit are reported to a credit bureau and you’ve been able to make your payments in a timely manner over a relatively long period. However, missing payments or making late payments on your line of credit or personal loan may have a negative impact on your credit score.
To answer this in simple terms, no, this personal loan is not the same thing as a payday loan. A payday loan is a short-term credit option which differs from lines of credit in a few important ways.
One of the main differences is that, if your application for a line of credit is approved, you’ll be given a credit limit which you can draw funds from as long as you have available credit. To keep your account in good standing, you’ll need to at least make a minimum payment during each payment cycle. Having said that, you should do your best to pay more than the minimum amount.
Like we alluded to earlier, a line of credit is a kind of revolving credit product. With a CC Flow Line of Credit in Indiana, 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.
With an installment or payday loan, there’ll be no credit limit to draw from, with your money coming in a lump sum instead. 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, you’ll pay back your loan over the course of several pre-determined, scheduled payments.