Toll-Free Number (888) 225-0080
---------------- -------------------
Email (anytime) support@elastic.com
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.Sep 27, 2021
What is an 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.
Does elastic affect your credit score?
Keep in mind that Elastic will check your credit during the application process and may review your credit scores and reports.6 days ago
What is the interest rate for elastic loans?
Your Elastic Account does not have an interest rate like other traditional credit products. Rather, you pay a Cash Advance Fee of 5% or 10% for every Cash Advance you request, depending on your Billing Cycle. We understand you may need more than one Billing Cycle to repay your Balance.
Does elastic go on your credit report?
We may report information about your Elastic Account to credit bureaus. Late payments, missed payments, or other defaults on your Elastic Account may be reflected in your credit report.Feb 26, 2021
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.6 days ago
What is my elastic account number?
Your Account Number is a unique number assigned to your Elastic Account. It is helpful to have this number if you are contacting Customer Support with questions either by phone, email or mail. If you make payments by check, please write your Account Number on the check or include the Payment Slip with your payment.
What happens if I can't pay my elastic loan?
If your Elastic Account has an outstanding Balance at the time it is closed, you are still responsible for the payment of that Balance. Carried Balance Fees will continue to be charged each Billing Cycle as agreed until your Balance is paid in full.Feb 26, 2021
What is elastic from Republic Bank?
Elastic is a line of credit product offered by Republic Bank and Trust Company, Member FDIC. The Elastic product allows customers to request Cash Advances and have those funds deposited into the checking account that is associated with their Elastic account.