CreditFresh line of credit review

Flexible funding for minor expenses — but some important details aren't available online.

Bottom line: CreditFresh offers a relatively straightfoward line of credit and is backed by a bank. But like all short-term options, expect high fees and limited information on its website. Read the full review.

1.0 ★★★★★ (1 review) Write a review


Min. Loan Amount$500
Max. Loan Amount$3,500
APRVaries by draw amount and pay period
Interest Rate TypeFixed
Loan TermNot stated
Turnaround TimeAs soon as the next business day


  • Interest rates typically under 200%
  • Build credit score with on-time payments
  • Clearly lists billing cycle charges


  • Total cost varies widely
  • Mixed customer reviews
  • Not up front about potential fees

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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CreditFresh reviews and complaints

BBB accredited No
BBB rating B
BBB customer reviews 1 out of 5 stars, based on 2 customer reviews
Trustpilot Score 4.8 out of 5 stars, based on 1,014 customer reviews
Customer reviews verified as of 14 April 2021

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:

  • Alabama
  • Delaware
  • Florida
  • Idaho
  • Indiana
  • Kentucky
  • Kansas
  • Michigan
  • Mississippi
  • Missouri
  • Nebraska
  • Ohio
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Wisconsin

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.


Review by

Kellye Guinan was a financer writer for Finder, covering everything from loans from auto to personal to business finance.

Expert review

CreditFresh offers personal lines of credit up to $3,500. Its fee schedule is easy to follow and relatively inexpensive compared to payday loans — though it’s still pricey when compared to other forms of credit.

However, there’s not much about other fees, and its website is pretty sparse. Its customer reviews are also mixed. Before applying, you should compare more payday loans to be sure you’re getting the right financing for your needs.

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