Frequently Asked Questions: Missouri Line of Credit

Our answers to your most frequently asked questions

Apply for a Line of Credit

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 Missouri?

To qualify for a Missouri Line of Credit, you must:

  • Be 18 years of age or older
  • Be a US citizen or Permanent Resident
  • Be a Missouri resident
  • Have an active bank account
  • Have a regular source of income
  • Have a valid contact number and an active email address
Please note that we currently do not offer credit products with rates that allow us to lend to active members of the US Armed Forces and their dependents.

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 Missouri?

MoneyKey can provide Online Line of Credit loans to residents of Missouri. From Kansas City to St. Louis, Springfield to Columbia. If you live in Missouri you may qualify for a MoneyKey Line of Credit. Whether you're at home or on the go, applying for a MoneyKey Line of Credit online or by phone is quick, convenient, and confidential.

Q: What is my online credit limit in Missouri?

Your credit limit is the amount of cash that you have access to. For Missouri Line of Credit, credit limit amounts range from $500 to $1,000.

Q: How much will my Line of Credit cost in Missouri?

Please visit our Missouri Rates and Terms page for more 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 Missouri Line of Credit is approved before 6:30 PM CST 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 5:30 PM CST on Saturday or Sunday, the funds will be available on the following Tuesday*. If your Line of Credit is approved before 5:30 PM CST on a Federal Holiday, the funds will be available in your bank account within two business days*.

*The date and time the funds are made available to you by your bank is subject to your 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 balancing 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 customercare@moneykey.com to your address book.

If our emails are not making it into your inbox, please check your spam folder.

Additional Questions

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.

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