easymoney Line of Credit

Line of Credit

Ongoing expenses? We can help with that!

For now, only our Tennessee customers can apply in-store for a Line of Credit – or as we like to call it - a Flex Line of Credit, which provides access to cash as you need it. You will receive a credit limit and can draw the funds if and when you need to. Once you're approved you decide how much to borrow from your credit limit, and you won’t need to re-apply!

Our application process determines how much you qualify for with a personal Line of Credit. This can range from $50 - $4000 in Tennessee.

You can repay your balance online or in-store and do not have to pay off the entire balance all at once every month. You can pay at your own pace as long as you make the minimum payment.

When you need additional cash, simply request a draw from your account and you’ll receive funds as long as the amount requested does not exceed your Flex Line of Credit limit.

Getting Started is Easy

When you are approved for an Installment Loan, you will receive a one-time cash payment to spend as needed and repay it monthly- as agreed upon in your contract. On the other hand, a Flex Line of Credit provides you with flexibility. You can draw as much or as little of your funds as you’d like from your credit limit. It is an ongoing source of funds you can draw from. Then, as you repay, you may draw again from your Line of Credit.

You’ll need to walk through the Line of Credit application process with the team at your neighborhood easymoney store. After you’re approved for an open Line of Credit, you can gain immediate access to funds and leave the store with cash in hand

One of the many benefits to a Flex Line of Credit is that your access to funds is open-ended. If you’d like to close your account, you will have to call us after reviewing your Line of Credit agreement. If you have available credit, you have available funds that you can draw at any time!

Have more questions? Check out our general FAQ page for a deeper dive into all of your loan questions.

In a hurry? Don’t forget you’ll need these items!

Line of Credit requirements

Each state’s requirements are different, but you will likely need some or all of the following:

  • An Active Bank Account
  • Government-Issued Photo-ID
  • Proof of Income
  • Most Recent Bank Statement
  • Checking Account + Bank Routing Number
  • Social Security Number/ITIN

We offer various loan options to fit your specific needs.

Check out all of the easymoney options!

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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