Line of Credit Loans

Direct Lender of Lines of Credit and Cash Advance Loans

A line of credit is a pre-established amount of credit that is extended to a borrower by a lender that the borrower can draw against as needed. There are no guidelines that dictate how the borrower can or should use the credit line loan funds, however we strongly advise that the credit line not be used frivolously. An individual can easily apply for and receive this type of open-end loan from our featured lenders. It will eventually need to be repaid and we would not want anyone to get in over their head.

How much can You Borrow and How do You Apply

With a Line of Credit, you can get approved for up to $5000 and you must select a loan amount at least $1600 or more or you will be processed as a short-term loan borrower instead of a Credit Line borrower. You start your application at the top of this page and then when you get to the application on the next page, please be certain to select a loan amount greater than $1500. That is all there is to it. Your lender looks forward to answering any remaining questions you may have when they call you to verify your telephone number, email address and other information on your application. Your lender can and will call you prior to funding your request. So, as to not delay funding, please be certain you answer any telephone number, even those you are not familiar with, once you submit your application. Again, any failure to answer the lenders phone call can certainly delay your credit line funding.

A Direct Lender of Cash Advance Line of Credit Loans

There are several ways this type of loan differs from a short-term loan. First, the line of credit application process is simpler and approval only takes minutes. When you obtain your approval, you are given access to the full amount your approved for that you can draw against when you need it and for however much of it you need. That is right, you only need to take as much as you need and when you need it. There is more good news; interest is only applied against the amount you actually use, not against the full amount your approved for. So, if you don't use the full amount then you won't be being charged interest on the full amount.

If you max out your line of credit, you start paying down the principle and that amount becomes available for you to use again and again if you need it again and again. You can continue this spending and repayment cycle, without any further approval process, until the pre-negotiated term on the credit line expires, if it expires at all.

With a loan, repayment is made in installments meaning that you’ll make monthly payments throughout the entire loan term, all based on how much of the loan you actually use. With this type of loan, you have more flexibility in how much you repay each month. Sometimes, you may only be required to repay the interest each month, so apply above and get the ball rolling to cash that is always available whenever you need it.

Not everyone will qualify. So, when NationalCashCredit.com is unable to connect you with a line of credit lender then we will try our installment lenders and continue to our cash advance lenders, if necessary. So, please read the loan document carefully before providing your electronic signature.