Elastic.com Enrollment Code Promotional Offer Review

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Elastic.com Enrollment Code Promotional Offer

  • Apply for an unsecured line of credit ranging between $500 to $3,500
  • Pre-selected applicants will receive a mailing with an enrollment code

Consumers who have searched for lines of credit with other firms may find an Elastic promotional credit offer in their mail box.  This can be a good or bad thing depending on the situation BUT most consumers will want to avoid Elastic if possible due to high fees.

Your Elastic Account does not accrue traditional interest on the outstanding balance over time. Rather, they charge a Cash Advance Fee for each Cash Advance, as well as a Minimum Charge based on Principal Balance on Which Minimum Charge is Calculated appearing on your periodic statement.



For example:



Non-Monthly A $2000 outstanding principal balance will be assessed a $75.00 Minimum Charge the next billing cycle.

Monthly A $2000 outstanding principal balance will be assessed a $150.00 Minimum Charge the next billing cycle.



A new Minimum Charge is assessed in each billing cycle that a balance is outstanding.

Elastic.com
Minimum Charge Non-Monthly Chart
Elastic .com
Minimum Charge Monthly Chart

The Good 🙂

  • A last-ditch effort to obtain credit when being turned down just about everywhere else

The Bad 🙁



  • Not available to active duty service members
  • When you take a draw on your line of credit, you are charged a 5% or 10% Cash Advance Fee depending on your Billing Cycle
  • Complicated (We had to read through the FAQ three times before we clearly understood the fees associated with a line of credit)

Pro Tip: Check for alternative lines of credit elsewhere such as top rated credit cards for consumers with bad credit!

Elastic.com Contact Info

  • Phone: (888) 225-0080 Monday – Friday: 8am – 10pm EST or Saturday – Sunday: 9am – 6pm EST
  • Mail: Elastic Customer Support, 4030 Smith Road,Cincinnati, OH 45209

Elastic currently serves residents of the following states

•   Alabama
•   Alaska
•   Arizona
•   Arkansas
•   California
•   Delaware
•   District of Columbia
•   Florida
•   Hawaii
•   Idaho
•   Illinois
•   Indiana
•   Iowa
•   Kansas
•   Kentucky
•   Louisiana
•   Maine
•   Maryland
•   Michigan
•   Minnesota
•   Mississippi
•   Missouri
•   Montana
•   Nebraska
•   Nevada
•   New Mexico
•   North Dakota
•   Ohio
•   Oklahoma
•   Oregon
•   Rhode Island
•   South Carolina
•   South Dakota
•   Tennessee
•   Texas
•   Utah
•   Virginia
•   Washington
•   Wisconsin
•   Wyoming

FAQ

What is elastic payment?

Elastic is the easy way to access money when you need it. Once your Elastic Account is open and activated, you can access money whenever the need arises. With Elastic, you request Cash Advances online. ... As you repay your Balance, you can request additional Cash Advances up to your Credit Limit.

Does elastic run your credit?

If you want to apply with Elastic, you'll have to fill out an online application — you can't apply over the phone. Here's the info you'll need to provide. Keep in mind that Elastic will check your credit during the application process and may review your credit scores and reports.

What is elastic line of credit?

Elastic is an online lender that offers lines of credit as an alternative to short-term loans. Credit limits stretch from 0 to ,500. You can request as little as you need up to your credit limit and pay back what you borrow in installments plus a fixed fee.

How do you make an elastic statement?

Your Statement will be generated at least 14 days prior to the Payment Due Date for each Billing Cycle. We will send a notice to the email address listed in your Elastic Account that your Statement is available. Your Statement is available electronically at Elastic.com.

What is elastic payment?

Elastic is the easy way to access money when you need it. Once your Elastic Account is open and activated, you can access money whenever the need arises. With Elastic, you request Cash Advances online. ... As you repay your Balance, you can request additional Cash Advances up to your Credit Limit.

How does elastic line of credit work?

With Elastic, you get a line of credit, and can get Elastic Cash directly into your Checking Account or a check in the mail. You can borrow as much as you need up to your Credit Limit. As you repay your Balance, you can access additional Cash Advances up to your Credit Limit.

Does elastic do a credit check?

As you move through the process, Elastic will check your credit to determine if you qualify for a line of credit and for how much. If you are approved, the cash advances that you request are usually deposited in your bank account the following business day, if you elect the direct-deposit option.

How do you make an elastic statement?

Your Statement will be generated at least 14 days prior to the Payment Due Date for each Billing Cycle. We will send a notice to the email address listed in your Elastic Account that your Statement is available. Your Statement is available electronically at Elastic.com.

Does elastic do a credit check?

As you move through the process, Elastic will check your credit to determine if you qualify for a line of credit and for how much. If you are approved, the cash advances that you request are usually deposited in your bank account the following business day, if you elect the direct-deposit option.

What is elastic cash?

Elastic is the easy way to access money when you need it. Once your Elastic Account is open and activated, you can access money whenever the need arises. With Elastic, you request Cash Advances online. ... As you repay your Balance, you can request additional Cash Advances up to your Credit Limit.

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