(Edited)
UpsidesNo good pros
DownsidesI borrowed 50 dollars, two days later my balance 80 dollars. I never seen anything like this. I can't believe they are still in business
CreditFresh Review
Easy online process
Personal lines of credit between $500 – $5,000
Fast funding
Flexible access to credit
Submitting a request will not affect your credit score
Toll free help line
Summary
What Is CreditFresh?
CreditFresh partners with financial institutions to provide fully integrated technology and service solutions to expand their current product offerings and provide consumers with access to credit.
Requests for credit submitted on this website may be originated by one of several Bank Lending Partners including CBW Bank, Member FDIC and First Electronic Bank, Member FDIC.
Requesting a Line of Credit through CreditFresh is done completely online. The process is simple, quick, and completely transparent, with clear repayment terms and no hidden charges.
Access to a Line of Credit through CreditFresh varies by state.
CreditFresh reviews as mostly positive and borrowers note that the website is easy to use with great customer support.
Chosen 5,905 times- Lines of credit from $500 – $5,000
- Only pay charges on what you use
- Transparent process
- Fast funding, as soon as the same business day*
Read 51 reviews
Products Offered
The Line of Credit through CreditFresh has a maximum credit limit of $5,000. A line of credit is an open-ended credit product that allows you to take draws, repay and redraw as needed.
A line of credit is a flexible way to have a safety net for any unexpected expenses.
Request a Line of Credit Now
Why Choose CreditFresh
Choosing a personal line of credit through CreditFresh has many benefits:
- Fast funding. If approved, any requested funds may be deposited into your bank account as early as the same business day*; timing of funding may vary. The date and time the funds are made available to you by your bank is subject to your bank’s policies.
- A transparent experience. Navigating credit products can be challenging and frustrating. A line of credit through CreditFresh offers a fully transparent experience.
- Part of your credit journey. As customers move through their credit journeys, they may become eligible for reduced billing cycle charges and/or increase credit limits based on a good payment history over time. Actual eligibility is based on individual circumstances.
How CreditFresh Works
A line of credit through CreditFresh allows you to draw from your balance, repay, and redraw as needed. This is different from a traditional installment loan where you get a lump sum of money that you need to repay over a fixed loan term.
With a line of credit through CreditFresh, you only pay fees on the amount you borrow. You can withdraw money at any time, as long as you have available credit and an account that is in good standing.
An outstanding balance has to be paid with regular payments and your payment dates will typically align with your pay frequency.
The request process for a line of credit through CreditFresh is quick, simple, and transparent. The line of credit through CreditFresh is currently offered in:
- Alabama
- Alaska
- Arizona
- Arkansas
- Delaware
- Florida
- Hawaii
- Idaho
- Indiana
- Kansas
- Kentucky
- Louisiana
- Michigan
- Mississippi
- Missouri
- Nebraska
- Ohio
- Oklahoma
- South Carolina
- Tennessee
- Texas
- Utah
- Washington
- Wisconsin
Note: A credit line is a flexible way to borrow to ensure you have a safety net for any unexpected expenses.
Creditfresh reports your account activity to TransUnion, so making regular payments and keeping your account up to date may help to improve your credit.
Line of Credit Requirements
Here are the requirements to request a line of credit through CreditFresh:
- Be of legal age to contract in your state.
- Be a U.S. citizen or permanent resident.
- Have an active bank account.
- Have a regular stream of income.
- Have a valid contact number and email address.
Currently, no credit products offered through CreditFresh have rates that would meet the requirements applicable to lending to covered members of the U.S. Armed Forces and their dependents.
You may be required to provide additional information during your application, including the following:
- Proof of bank account (like a void check)
- Proof of identity (like your driver’s license)
- Proof of residence (like a utility bill)
- Proof of income (like a bank statement)
Rates & Fees
There is a billing cycle charge that ranges between $5 and $410 and is based on the amount of money outstanding throughout your billing cycle (not your credit limit).
If you have an amount outstanding on your principal balance, you’ll need to pay a mandatory principal contribution in addition to the billing cycle charge with every minimum payment you make. This will ensure part of every payment is applied toward your principal balance.
You will only start incurring charges once you’ve received your funds.
Creditfresh does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Creditfresh also doesn’t charge a cash advance fee and there are no late fees.
Repayment Terms
You will receive a statement prior to your due date, detailing the activity on your account and the minimum payment due. The minimum payment includes the billing cycle charge and mandatory principal contribution. You can pay just the minimum balance, or pay more to reduce the total outstanding balance.
Reducing your principal balance will also increase the amount of credit available to you.
How to apply for a line of credit through CreditFresh
Step 1
Visit the Website
Visit the CreditFresh website here.
Step 2
Submit Your Request
Submitting a request only takes a few minutes.
Step 3
Provide Your Details
Simply request a credit limit, securely verify your details, and review and sign your agreement.
Step 4
Get Approved
If approved, you can request a draw from your linke of credit and funds may be in your bank account as early as the same business day*.
Chosen 5,905 times- Lines of credit from $500 – $5,000
- Only pay charges on what you use
- Transparent process
- Fast funding, as soon as the same business day*
Read 51 reviews
Uploading Documents
You can log into your secure CreditFresh account to upload your documents.
Navigate to your Profile, scroll down and click on Upload Document. Next, select the document type and description, then Choose File which will allow you to upload the required documentation.
You can upload most images and/or PDF files, up to 5MB in size. If you are required to provide multiple documents, you will need to upload each document individually.
Making a Withdrawal
You have immediate access to the money you require. To request a draw, just sign into your account and choose the amount you need.
You have the option of taking out the entire amount of credit at once or in instalments. The funds may be deposited into your bank account as soon as the same day.
Our CreditFresh Review
Interest rates are typically under 200%
Build credit score with on-time payments
Clearly lists billing cycle charges
Pros
Total cost varies widely
Mixed customer reviews
Not up front about potential fees
Cons
Our general opinion of the Line of Credit through CreditFresh is a positive one.
Whenever an issue was brought to their attention, it was addressed quickly and responded to with a proposed solution to the problem.
Support
Our experience with their customer service team was a good one.
They can be reached via email, or on their toll-free helpline and they’re well trained and friendly when assisting their customers.
No matter how you reach out to their team, they are quick to respond and eager to help answer questions and solve any issues.
Website
We love simplicity, both in functionality and design, and the CreditFresh site delivers on each of these fronts. It’s easy to understand their website, and the loan application was very smooth.
It took us less than 10 minutes to fill out the application from beginning to end. They do a particularly good job of making every step clear and straightforward.
The CreditFresh login is found on the front page of the website.
Does Financer.com Recommend CreditFresh?
Yes, we do. This is one of the more popular line of credit websites we have reviewed, and it’s easy to see why their following is growing.
Their site and application process isre streamlined and simple, and they provide high-quality and reliable support.
A line of credit through CreditFresh is a good option when looking for credit.
Why Customers Choose CreditFresh
The CreditFresh Line of Credit through CreditFresh offers flexible access to credit when you need it. Below we have listed just a few of the many advantages of choosing CreditFresh for your borrowing needs:
- A range to suit your needs: A personal line of credit between $500 – $5,000.
- Quick funding: Request a draw and the funds may be in your bank account as soon as the same business day*!
- Request is not detrimental to your credit: Submitting a request will not affect your credit score**.
- Flexible access: Once approved, access your available credit when you need it, so long as your account is in good standing.
- Transparent process: Easy to understand process.
*The date and time any requested funds are made available to you by your bank are subject to your bank’s policies. For specific funding cut-off times, visit the CreditFresh website.
**Submitting a request does not result in a hard inquiry to your credit report.
Learn more about their loan products here and read CreditFresh reviews below.
CreditFresh FAQs
Is CreditFresh reputable?
Yes. CreditFresh partners with financial institutions to provide fully integrated technology and service solutions to expand their current product offerings and provide consumers with access to credit.
Where can I find the CreditFresh login?
The CreditFresh login for clients is www.creditfresh.com.
How much can I borrow through CreditFresh?
The maximum credit limit through CreditFresh is $5,000.
How do I repay my line of credit through CreditFresh?
You will receive a statement before your due date with the minimum payment required. You can log into your CreditFresh account to make payments and you can also make additional payments to reduce your outstanding balance and increase the credit available to you.
When will I receive funds?
If approved, any requested funds may be deposited into your bank account as early as the same business day; the timing of funding may vary. The date and time the funds are made available to you by your bank are subject to your bank’s policies. For specific funding cut-off times, please see the FAQs on the CreditFresh website.
How do I qualify for a line of credit through CreditFresh?
To qualify for a line of credit through CreditFresh, at a minimum you will need to:
- Be of legal age to contract in your state.
- Be a U.S. citizen or permanent resident.
- Have an active bank account.
- Have a regular stream of income.
- Have a valid contact number and email address.
How much does a line of credit from Creditfresh cost?
You can always expect a transparent process from Creditfresh. The cost depends on your billing cycle agreement which you can view on the Creditfresh website.
How do I verify my banking information?
You can verify your banking details electronically using DecisionLogic if you want an instant online verification taking only a few minutes. Or you can do it over the phone with one of our customer service agents.
How does DecisionLogic work?
DecisionLogic is used to expedite the processing of your application for a line of credit. It offers a read-only snapshot of the most recent transactions on your bank account. This service is free and secure. Please be aware that this service is not compatible with all banks and that you must currently utilise internet banking in order to use it. DecisionLogic uses 256-bit encryption and it’s read-only service.
How do I cancel my account?
You can cancel your line of credit without any penalties within one business day from the effective date on your agreement. You can call customer service at 1-800-766-2007 or email customer support at customerservice@creditfresh.com to cancel.
