How to Get Approved for an Online Line of Credit

Imagine that you run out of cash one day next week, but you have this really important bill to pay, like your car is going to get repossessed if you don’t make this payment. Now imagine that you can reach for an online source of cash, instantly get the money you need to pay the bill, and be all set. You can have this quick kind of money solution at your disposal, and all you have to do is get approved for an online line of credit. Here’s how to make it happen.

Get Online or Go Mobile to Apply for an Online Line of Credit

The first step is so easy. All you have to do to get started on an online line of credit is go online or pick up your phone to use the mobile app. Either way all you need is a one-page application. Fill out the information and click to submit it. From there the application goes to our lenders, a network of professional lenders with high approval rates.

Make Sure You Meet the Online Line of Credit Approval Requirements

This part is easy too. It might be a good idea to check on these before you apply, but the truth is that most people who apply easily meet the requirements and get approved for these online line of credit loans. Unlike many other lenders, you don’t have to prove that you have an excellent credit score or that you earn a big income or have some valuable collateral. The basic requirements you need to prove are having a job, having an income that is regular and enough to be able to afford a small loan, being 18 years old or older, and having a bank account.

Wait, I Don’t Have to Show my Credit Score for an Online Line of Credit?

For a lot of lenders, your credit score will be the first and main consideration when approving you or turning you down for a loan. With our lenders, though, the standard credit check just isn’t that important. To get approved you will need to show that you have a decent history with borrowing, but your lenders do that in an alternative way and look at a number of different factors. They don’t just look at that one credit number, which we know is not always as high as you want it to be.

Spend Less Time Waiting for Online Line of Credit Approval

The only other thing you need to do as the individual to get approved for an online line of credit is to wait 90 seconds or less. That’s all it takes for one of our lenders to get your application, take a look, and make a decision. Most people are approved in less than 90 seconds, and you could be to. All you need to do is get that application completed, and you will be on your way to being approved for an online line of credit loan.

How to Get Approved for an Online Line of CreditBy Eric Knapp - 4/4/17