CreditFresh line of credit review

CreditFresh rates, fees and terms

CreditFresh offers lines of credit, which means fees are charged on amount you borrow, not your total credit limit. It doesn't provide any information on late fees or nonpayment fees — but you should receive these details when you apply.

And because it's a line of credit, there's no set term. You will need to make a minimum payment once or twice a month depending on your pay schedule.

Is CreditFresh legit?

Yes, CreditFresh is a legitimate online lender backed by CBW Bank. It has an industry-standard privacy policy that lists what information it collects, how that information is used and how you can limit some sharing. And while it isn't up front about its interest rates or smaller fees, it does list the finance charge — the billing cycle charge — you can expect based on the amount you've borrowed.

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Name	Product	Filter Values	Loan amount	Turnaround time	Requirements
Tidal Lending			$100 to $30,000	As Soon As Next Business Day	Regular source of income, Verifiable bank account, US citizen, Ages 18+	Go to site		loading Fetching your data…
Chime SpotMe overdraft			Up to $200	Instant	$200 in qualifying direct deposits into a Chime checking account in the last 34 days	Go to site More Info		loading Fetching your data…
OppLoans Installment Loans			$500 to $4,000	1 business day	Direct deposit, Meet minimum income requirements, Live in eligible state	Comes with the option to change your due date so you won’t fall behind on repayments.	Go to site More Info		loading Fetching your data…
CashNetUSA Loan			Varies by state	As fast as same business day	Regular source of income, bank account, US citizen or permanent resident, age of majority in your state	Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.	Go to site More Info		loading Fetching your data…
Fast5kLoans Short-term Loans Connection Service			$100 to $35,000	As soon as the next business day	Regular source of income, Verifiable bank account, US citizen, Ages 18+	Get connected with multiple lenders you might qualify with — even if you have bad credit.	Go to site More Info		loading Fetching your data…
LendYou Short-term Loans			$100 to $2,500	Same business day to 1 business day	$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+	Get offers from potential lenders in minutes by filling out just one online form.	Go to site More Info		loading Fetching your data…

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CreditFresh reviews and complaints

While CreditFresh has a high overall rating on Trustpilot, some reviews cite poor customer service and high fees as a reason not to use its service. The positive reviews are vague — though most report being happy with the ability to build credit and the overall easy process.

Eligibility requirements

CreditFresh only requires you to meet these criteria:

• Active bank account
• Regular source of income
• Valid email and phone number
• At least 18 years old
• US citizen or permanent resident

How to apply

CreditFresh has a quick application that only requires a few basic pieces of information, including your date of birth and Social Security number.

If approved, you can request a draw from your line of credit as needed. Requests made before 1 p.m. ET on Monday through Friday typically reach your bank account the same day. On weekends, and after the cutoff, expect funds the next business day.

CreditFresh locations

CreditFresh offers lines of credit in 18 states:

Payment options

CreditFresh sends your bill at least 14 days before your minimum payment is due. Unlike payday loans or installment loans, you will only need to make a payment on a percentage of your current balance. However, making a larger payment will prevent expensive fees from piling up.

The amount you owe will depend on your pay frequency.

• Monthly paychecks: Either 6% of the outstanding principal or $30, whichever is greater.
• Nonmonthly paychecks: Either 3% of the outstanding principal or $15, whichever is greater.

If your bill is less than the minimum for your pay frequency, the entire amount will be due.

When you receive your bill, you can sign up for automatic payments debited from your bank account or make mannual payments on CreditFresh's website.

For a more affordable short-term loan option, read our guide to pay advance apps.