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LINES OF CREDIT
If your cash needs are going to be ongoing, then you
should consider applying for a line of credit.
Star Loan Services offers low rate programs for all
credit types that will provide you with the cash you want,
when you need it!
What is a line of credit?
A line of credit is a reusable source of funds. This
credit line can be used as much as you want, as often as
you need. The amount of available cash will depend how
much of your line is being used at any given time. For
example, if you have a $50,000 credit line, of which you
are using $30,000, you will have an additional $20,000 at
your disposal. Note that as you pay back your credit
line, the amount available will increase.
Get the spending power you are looking for and apply for
a line of credit today!
How does a line of credit work?
Let's say you apply for a five year loan. You will
have that line of credit to use as you want for five
years. You will receive a checkbook that will work like
real checks, to be used
whenever you need.
What are the fees and interest rates associated with lines of
credit?
There are no annual fees. The costs you pay will be
in
interest. Typical lines of credit will have a variable
interest rate based on prime. Once you apply for your line, a loan
specialist will help you choose a credit program that
will meet your needs and budget. If you would like, you
can
contact us before you apply to discuss your
situation.
When is it a good idea to utilize a line of credit?
Line of credits are great when you don't
have an exact amount of cash that you need to borrow,
but want the ability to borrow fast and easily, when you
need to. Another benefit of a line of credit is that as
you pay off your balance, your monthly payment
obligations will decrease.
Are lines of credit available for people
with credit issues?
Sure! Our lender network is able to provide credit
lines to people of all credit types!
GET THE SPENDING POWER YOU NEED!
Let us help you get the funding that will give you the
flexibility to spend what you want when you need to!
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