Elastic Cash means the amount you request as a Cash Advance minus the Cash Advance Fee. This is the amount you receive and it appears on your Periodic Statement as “Funding”.
What is elastic money?
Definition of elastic currency
: a currency that automatically increases and decreases in volume with the demands of business.
What bank does elastic use?
Republic Bank & Trust 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 an elastic account?
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.
How long does it take to get money from elastic?
ET are typically made available to your bank the next Business Day if you elect to receive your Cash Advance by direct deposit, or mailed within 2 Business Days if you elect to receive your Cash Advance by a check in the mail. Consult with your bank for information on when funds will be available.
Does elastic show up on 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.
What states is elastic available in?
Elastic is available in 39 states and Washington DC. Residents of Colorado, Connecticut, Georgia, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Vermont and West Virginia aren’t eligible to apply. Each time you request an advance, you can access your funds within a day or two.
Why did my Albert advance go down?
Given those two criteria, your cash advance limit may change as your income changes. An increase in income could therefore result in a higher limit. Likewise, if your income decreases, it’s likely that your Instant cash limit will decrease.
How can I pay off my line of credit fast?
10 Tips for Paying Off Credit Card Debt
- Set a Goal. Start by Setting a Goal You Can Achieve. …
- Put Your Credit Cards on Ice. Yes, We Mean That Literally. …
- Prioritize Your Debts. Credit Cards, Loans, Mortgages, etc. …
- Trim Your Expenses. …
- Create a Monthly Spending Plan. …
- Use the Avalanche Method. …
- Use the Snowball Method. …
- Use Savings.