Q: How does a Line of Credit work?
A MoneyKey Line of Credit provides you with the benefits of a traditional loan, but allows you to have more control over your cash flow and payment options. Once approved, you can borrow any amount up to your available credit limit. When you pay down the principal of your Line of Credit, you can continue to access the remaining credit available up to your credit limit.
Q: What are the minimum requirements to apply for an online Line of Credit in Kansas?
To qualify for a Kansas Line of Credit, you must:
- Be 18 years of age or older
- Be a US citizen or Permanent Resident
- Be a Kansas resident
- Have an active bank account
- Have a regular source of income
- Have a valid contact number and an active email address
The MoneyKey Line of Credit is an open-ended loan meaning that the account remains active even after you have paid down to a zero balance. This means you have the convenience of being able to access the credit available to you in the account without needing to submit a new loan application.
Q: Where can I get an online Line of Credit in Kansas?
MoneyKey currently offers online Line of Credit loans to Kansas residents. If you live in Kansas, you may qualify for a MoneyKey Line of Credit. Whether you live in the busy cities of Wichita, Kansas City, Overland Park, or in a quieter one such as Hutchinson, applying for a MoneyKey Line of Credit is fast, secure, and friendly.
Q: What is my online credit limit in Kansas?
Your credit limit is the amount of cash that you have access to. For Kansas Line of Credit, credit limit amounts range from $200 to $1,000.
Q: How much will my Line of Credit cost in Kansas?
Please visit our Kansas Rates and Terms page for detailed information on the interest and fees associated to this product.
Q: Will you call my references?
If we need to get in touch with you about your account, but are unable to reach you, your references may be contacted. We will never disclose the nature of your business with MoneyKey to your references or employers.
Q: Do I need to fax or email in any documents?
In most cases you will not need to fax or email us any documents; however if we require additional information which we are unable to verify over the phone, we may ask that you send us documentation either via fax or email.
Q: When do I receive funds from my Line of Credit?
If your Kansas Line of Credit is approved before 7:30 PM EST from Monday through Friday, the funds will be available in your bank account the following business day*. If your Line of Credit is approved before 6:30 PM EST on Saturday or Sunday, the funds will be available in your bank account the following Tuesday*. If your Line of Credit is approved before 6:30 PM EST on a Federal Holiday, the funds will be available in your bank account within two business days*.
We also offer same-day funding via wire transfer for eligible customers in Kansas who are approved before 4:00 PM EST on a business day. A $10 fee applies for same-day wires, in addition to any fees your financial institution may impose.
*The date and time the funds are made available to you by your bank is subject to that bank's policies.
Q: How do I pay down my Line of Credit?
You will be required to make regular Minimum Payments which include interest, fees and a Required Principal Payment.
If you receive your income weekly, bi-weekly or semi-monthly, your Required Principal Payment as shown on your periodic statement will be 5% of your Outstanding Principal Balance as of the close of each billing cycle.
If you receive your income monthly, your Required Principal Payment as shown on your periodic statement will be 10% of your Outstanding Principal Balance as of the close of each billing cycle.
Please refer to the Rates & Terms page for more information.
MoneyKey encourages you to make additional payments over and above your Minimum Payment in order to pay down your principal balance thereby reducing your principal balance owing, increasing your available credit and decreasing your interest charges. If you want to make additional payments or pay your Line of Credit down to a zero-dollar balance, you must contact us at least 24 hours prior to your due date.
Q: How do I check my balance?
The period statements we send you will include your balance. You can also check your balance by calling one of our Customer Care agents at 1-866-255-1668 or by logging in to your online account.
Q: How do I update my information? (Change in email address, mailing address, employment or banking information)
You can update your account information by calling 1-866-255-1668 and speaking with one of our Customer Care agents, who will be happy to update your information for you.
Q: Why am I not receiving emails from MoneyKey?
MoneyKey sends important emails regarding payment reminders, confirmations and promotions. To make sure you receive these emails please add firstname.lastname@example.org to your address book.
If our emails are not making it into your inbox, please check your spam folder.
If you have any additional questions, please contact us at 1-866-255-1668 or chat online, and one of our Customer Care agents will be happy to answer any questions you may have.