Line of Credit FAQs

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Line of Credit FAQs

When you need flexible access to cash, a Flex Line of Credit may be the answer. Once you’re approved, you’ll receive access to a set amount of funds. You can borrow these funds a little at a time. After you’ve borrowed the amount you’d like, up to the limit determined by your loan, you will pay interest/service fee on that amount. You will not pay interest/service fee on the available funds, only the amount you borrow. Your payments will go towards that interest and fees accrued and the principal amount borrowed. As you pay back the loan, you can keep borrowing up to the amount that is set as your credit limit. The easymoney Flex Line of Credit is only available in Tennessee, with maximum credit limit of $4,000.

An easymoney Flex Line of Credit allows you to decide if and when you’d like to borrow funds after approval. You can borrow all of the funds at once or a little at a time when you need them. The steps to applying for a Flex Line of Credit are simple:

  • Step 1: Complete your application at your neighborhood easymoney store  
  • Step 2: Receive a quick lending decision 
  • Step 3: If you are approved, you will choose the amount you would like to draw from your Flex Line of Credit. You’re able to draw any amount up to your approved, maximum lending limit.  
  • Step 4: Carefully review the loan documents and sign
  • Step 5: Receive your cash
  • Step 6: Make your payments as outlined in your agreement. (Additional payments will help you save on interest/service fees)
  • Step 7: Receive your funds a little at a time by withdrawing as you please up to your credit limit

After you’re approved, you’ll leave the store with cash. You’re welcome to withdraw up to your credit limit if desired. A Flex Line of Credit is open-ended, which means you can access the funds as long as you have available credit. You can easily withdraw the cash as you need it.

It’s possible, but it depends on a few factors. The state you live in, and the product offerings is the biggest determining factor. Your income, ability to repay, and credit score can be considered when determining if you are eligible. Stop by your neighborhood easymoney store for more information. 

No. You’re welcome to withdraw from your Flex Line of Credit at any time. Just stay within your credit limit and continue making your payments as agreed upon in your loan agreement.

If you are approved for a Flex Line of Credit, you will receive a maximum loan amount. You can decide how much you would like to borrow up to that max loan amount. You’re welcome to borrow all or part of the money and continue to draw from the Flex Line of Credit as long as you continue to make your payments. For example: Let’s say you’re approved for $300 but only need $100 now. You can borrow $100 now and you will only pay interest/service fees on the amount borrowed and principal payment on the amount borrowed. You can draw more money later and continue to borrow/repay as needed without having to reapply!

Looking for a different answer?

Customer Notice: There are a wide variety of financial products available in the marketplace, so your choice should match your financial needs. Small-dollar loans used over a long period of time can be expensive.

Noticia al Consumidor: Existe una amplia variedad de productos financieros disponibles en el mercado, por lo que su elección debe coincidir con sus necesidades financieras. Los préstamos de poco dinero utilizados durante un largo período de tiempo pueden ser costosos.

Loan Products: Subject to state regulations, eligibility, credit check, underwriting & approval, and meeting state database eligibility where required, based on type of lending product requested. All products are not available at all locations. Rates, terms and conditions apply. See associate for details. Lending decisions and funding times subject to system limitations. Some applications may require additional verification, which can delay the lending decision.

Non-Loan Services: Rules, restrictions, and fees apply. See store for details.

Alabama: Minimum age to apply in Alabama is 19. Title loan amount determined by condition of vehicle and borrower's income. Not all clients or vehicles qualify. Title loans are made under the Alabama Pawnshop Act, Ala. Code 5-19A-1 et seq.

Tennessee: The State of Tennessee requires a minimum principal reduction on Line of Credit Products. In order to comply with the minimum state-required principal reduction, easymoney requires that minimum payments include a principal reduction of 2% for Customers who get paid bi-weekly/twice-a-month, or 4% for Customers who get paid monthly.

Green Dot: must be 18 or older to open an account. Online access, mobile number verification (via text message) and identity verification (including SSN) are required to open and use your account.  Mobile number verification, email address verification and mobile app are required to access all features.


1. Early direct deposit availability depends on payor type, timing, payment instructions, and bank fraud prevention measures. As such, early direct deposit availability may vary from pay period to pay period. The name and Social Security number on file with your employer or benefits provider must match your Green Dot account to prevent fraud restrictions on the account.


2. Opt-in required. Account must be in good standing and chip-enabled debit card activated to opt-in. Initial and ongoing eligible direct deposits are required for overdraft coverage. Additional criteria may apply which can affect your eligibility and your overdraft coverage. Overdrafts are paid at our discretion. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. A $15 fee may apply to each eligible purchase transaction that brings your account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid a fee.


3. See app for free ATM locations. 1 free in-network withdrawal per calendar month. $3.00 per withdrawal thereafter. $3.00 for out-of-network withdrawals and $1.00 for balance inquiries, plus any fee the ATM owner may charge. Limits apply.


Green Dot® cards are issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. And by Mastercard International Inc. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.  Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.  ©2023 Green Dot Bank. All rights reserved. Green Dot Corporation NMLS #914924; Green Dot Bank NMLS #908739

The USA PATRIOT Act is a Federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. You will be asked to provide your name, address, date of birth, and other information that will allow us to identify you. You may also be asked to provide documentation as proof of identification. Approval is contingent upon successfully passing this mandatory identification confirmation.

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