How It Works

Elastic is the easy way to access money when you need it.

With Elastic, you get a line of credit, but the money you request can go into your checking account. You can borrow as little as $20 or as much as you need up to your credit limit. As you repay your line, you can access additional money up to your credit limit.

Elastic can help you

  • Handle surprise medical bills and car repairs
  • Pay a utility bill on time to avoid service disconnection
  • Avoid costly overdraft fees and late fees

Credit Limit

Upon approval, you will receive a $500 to $3,500 credit line. You can borrow up to your credit limit at any time.

Flexible Payments

With Elastic, you get a manageable payment schedule that works with your needs. You can repay your Elastic line of credit sooner to reduce Finance Charges, or you can make minimum payments if you need to keep your payments manageable.

  • Payment Schedule. Elastic payments can be due every two weeks, twice a month, or monthly, depending on how often you are paid. If you are paid every week or every two weeks, your payments will be due every two weeks.  If you are paid twice a month, your payments will be due twice a month.  If you are paid monthly your payments will be due once per month on the specific day of the month you select.
  • Payment Options. Don't worry about yet another bill. Just set up AutoPay with your checking account, and your payment will come out automatically on your scheduled due date. You are not required to pay by the Autopay electronic payment method. You may make payments by mail, using a personal check, certified check or money order.

Cooling Off Period

Our commitment to responsible lending includes a cooling off period. By using your credit wisely and paying off any balance in less than 10 months, your account will not become subject to the cooling off period.

If you maintain a balance greater than $0 for 10 consecutive months, your account will enter the cooling off period. During the cooling off period, you will be unable to request additional cash withdrawals until your balance is $0 for 20 consecutive days.

What does it cost?

Learn more about Elastic pricing