Personal Line of Credit

Receive money as soon as one business day.
Simple repayment terms.
Good credit not needed.

Get flex loan access to funds with a personal Line of Credit

An Avance 247 personal Line of Credit (PLOC) provides convenient, instant access to money that’s ready when you need it. Apply once and get approved for a maximum borrowing amount (like a credit card limit). You can borrow what you need as long as funds are available, and your credit line stays open no matter how much or how often you withdraw money.

Cash when you need it

Rent
Unexpected expenses
Groceries
Medical Bills

What is a Line of Credit and how does it work?

A line of credit is a loan that gives you access to a set amount of money that you can use as needed. You can repay the line of credit over time or immediately.

What you need to apply

Must 18 years or older
Steady monthly income
Valid email address and working phone number
Be a United States citizen or legal resident
Bank account that accepts direct deposts

Types of Lines of Credit

The terms “credit line” and “line of credit” can refer to different financing options, including:

Unsecured personal line of credit: a flexible credit line that allows you to access funds up to a predetermined limit and only pay interest on the amount borrowed. Our personal Line of Credit falls into this category.
Secured personal line of credit: a flexible option where the borrower pledges an asset to secure the credit line. Collateral may consist of property, savings, or investments. If the borrower fails to repay the amount borrowed, the lender can keep or repossess the collateral to recoup the costs.
Business line of credit: a flexible credit line that allows businesses to borrow funds as needed up to a specified limit. Business lines of credit can be secured or unsecured. If secured, the business owner pledges collateral, such as equipment, inventory, or property to secure the credit line.
Home equity line of credit (HELOC): a revolving credit line secured by the equity in the borrower’s home. HELOCs often have variable interest rates.

Line of Credit FAQs

What is an online line of credit loan?

It is an unsecured open line of credit and comes with credit limits. You will only be charged with interest and fees only for the amount you withdraw.

What is a revolving Line of Credit?

Revolving lines of credit are flexible loans that you can borrow from again and again, as long as you stay within your specified credit limit. This type of loan is good for things like emergencies or unexpected expenses, since you can easily borrow the money you need without having to go through the hassle of applying for a new loan every time.

What is a personal Line of Credit?

Like a credit card, a personal Line of Credit gives you access to an approved borrowing limit upfront. You decide how much and how often you withdraw funds, only paying interest on the amount you borrow. Our direct lenders Line of Credit provides the flexibility and freedom to tap into funds without having to reapply each time you need extra money.

Can i apply with bad credit?

Yes you can still apply for a line of credit loan even if you have had bad credit. Our lenders do not do hard credit check pulls. Use the income fro your job as your good credit.

Do you need a different type of loan?

If you need a different type of loan our lenders have you covered. You can apply for a longer term loan called an installment loan or you could use your tax refund and apply for a tax refund loan.

Advance Financial