What is an elastic line of credit?
Elastic is a line of credit designed for non-prime borrowers who need quick access to cash. Lines of credit are available from $500 up to $4,500. The loan application process is fairly simple. Potential borrowers can apply online and receive a response immediately.
Does elastic Give credit line increases?
Elastic is part of Louisville, Kentucky–based Republic Bank & Trust Company. If approved, you can request cash advances up to your credit limit and then continue to borrow more money as you pay off your balance.
What is elastic account?
Elastic is the easy way to access money when you need it. Once your Elastic Account is open and activated, you can access money whenever the need arises. With Elastic, you request Cash Advances online. ... As you repay your Balance, you can request additional Cash Advances up to your Credit Limit.
What is RBT elastic?
About Elastic
Elastic is an unsecured line of credit offering credit limits from $500 to $4,500. ... You can request Cash Advances up to your Credit Limit.
Is Elastic a legitimate company?
Elastic is part of Louisville, Kentucky–based Republic Bank & Trust Company. If approved, you can request cash advances up to your credit limit and then continue to borrow more money as you pay off your balance.
What is the interest rate on an elastic loan?
Rates: Unlike most banks, Elastic does not charge interest rates on lines of credit. Instead, you'll pay additional fees on every cash advance you request. This will either be 5% or 10%, depending on your billing cycle.
What is elastic payment?
Elastic is the easy way to access money when you need it. Once your Elastic Account is open and activated, you can access money whenever the need arises. With Elastic, you request Cash Advances online. As you repay your Balance, you can request additional Cash Advances up to your Credit Limit.
Does elastic increase Credit Limit?
About Elastic
You can request Cash Advances up to your Credit Limit.