FAQ’s

Frequently Asked Question’s

What is a Line of Credit Loan?

A Freedom Funds Line of Credit Loan from Easy Cash America is a loan that gives you the flexibility to borrow what you need, when you need it. We give you a credit line, and you can choose to borrow just what you need now. This means you only pay interest on the amount you actually borrow. You decide whether to pay the minimum amount due on your due date, or to make larger payments to reduce your principal balance quicker. As you pay down your principal balance, you can borrow more money if you need it (up to your credit limit). Thes means you have the Freedom to control how much you borrow, how you use the funds available to you, and repay the balance in whatever way fits your needs.

My Credit isn’t very good. Can I still qualify?

Yes. Less than perfect credit doesn’t always prevent you from qualifying for a loan. Even if you have been turned down by other lenders, Easy Cash America will work to try and get you the Freedom Funds Loan you need.

What do I need to qualify?

To apply for Freedom Funds Line of Credit, you need to be at least 18 years old and reside in one of the following states:

  • Kansas

  • A Valid ID
  • Proof of steady Income
  • An open and active bank account
  • Proof of address
How do I know if I have been approved?

We will contact you via email and over the phone about your approval.

Why is a Line of Credit better than other short term loans?

It isn’t necessarily better than other loans, but it does offer quite a bit more flexibility. IF you’re not sure how much money you may need, and if you want a loan that allows flexibility in the repayment terms, then a Line of Credit may be a better choice for you.

How Does a Freedom Funds Line of Credit work?
  • A Line of Credit allows you, the borrower, to be in control of how and when you borrow. When you are approved, you decide how much of your credit limit to use. If you need the full amount, or if you only need a portion of it. If you need to borrow more later in the month, you can do that.
  • You submit an application to us online
  • We review that application, and make a lending decision
  • If approved, we deposit money into your account--either the next business day, or in some cases the same day.
  • We send you a billing statement each billing cycle, either by email or regular mail
  • You make at least the minimum payment amount, due on your pay date.
  • You can make additional payments as you choose, to decrease the amount of interest you pay
  • As you have available credit, you may request additional advances (or draws) up to the amount of your credit limit
How much does a Freedom Funds Line of Credit cost?

You are charged interest on the average daily balance of your account. Easy Cash America recommends that you only borrow the amount you need at the time to reduce the amount of interest you pay.

What if I don’t have the money in my bank account to make my upcoming payment?

Please contact us right away at 833-523-1045 to set up payment by debit card, or any other acceptable method. We understand that sometimes things come up that are out of your control. We’ll do what we can to work with you, but it is important that you contact us so we can work with you to resolve the problem together.

Subscribe to our Newsletter