How does a line of credit work?
A line of credit can give you 24/7 access to funds without having to reapply. If approved, you can request as much as you need up to your available credit limit. You can request draws as many times as you want, as long as you have available credit (minimum $50 draw). Funds will then be deposited into your account usually the same day.
What do I need to know about a line of credit?
Account Balance: Your account balance, or outstanding balance, is the total amount due to GetYourCash. This includes your principal balance, interest and fees charged. Billing Period: Your billing period is the length of time between when your billing statement opens and closes. Depending on how often you’re paid, these periods might be bi-weekly, bi-monthly or monthly. Principal Balance: Your principal balance is the amount you have drawn minus any principal payments you have made. APR: APR (annual percentage rate) is a measure of the cost of credit, expressed as a yearly rate. Minimum Payment: The minimum payment is the amount you must pay on each due date. This amount will depend on whether your billing period is bi-weekly, bi-monthly or monthly.
What are my repayment options?
You may choose to make one or more of the following repayment options during any billing cycle: Minimum Payment: Each billing cycle, you must pay all interest accrued at the end of the prior billing period, plus a percentage of the total of the principal balance, the total balance of cash advance fees and any late fees. Additional Payments: You may make payments in addition to your minimum, in any amount and at any time, by calling 435-787-8208. Repaying your account balance early can reduce your interest. Pay in Full: You may pay your account balance in full at any time without any prepayment penalties. Paying your balance in full will reduce your interest and reinstate your full available credit.
Can I apply if I have less-than-perfect credit?
Yes. Less-than-perfect credit will not necessarily prevent you from qualifying for a UtahCashLoan loan.* Even if you have been turned down by other lenders in the past, we may be able to help you obtain a convenient credit option that fits your needs.