Line of Credit in Missouri

Request a line of credit of up to $2,000 in Missouri.

Welcome to Flexibility’s Line of Credit in Missouri!

Are you in search of a reliable financial option in the state of Missouri? Your search ends here. Our Line of Credit is tailored to meet your unique financial needs right here in the vibrant state of Missouri. Whether you’re in Kansas City, St. Louis, or any corner of Missouri’s diverse landscapes, our flexible and convenient financial services are designed to help you.

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Why Flexibility in Missouri?

We’ll work with you to find the right Line of Credit amount that fits your situation in Missouri.

  • Daily draws available
  • Good payment history could lead to higher credit limits over time (maximum of $2,000)
  • Easy online application with instant results
  • Paperless experience
  • All credit levels welcome to apply
  • Conveniently manage your Flexibility Line of Credit account online
Why Flexibility in Missouri?

How Our MISSOURI Line of Credit Works

Submit your application and get approved, collect your funds, and repay on time.

Step 1:
Submit an Application

Step 2:
E-Sign Your Documents & Request Your Money

Step 3:
Repay the Owed Amount

Step 4:
Grow Your Limit with On-Time Payment History

Proudly Serving Customers Since 2012

Our team has been providing consumer loans for over 10 years and we’re excited to now offer a Line of Credit–Flexibility.
Here is what our customers have said in the past.

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We provide our customers with the services and support they need to keep moving forward. We use 2048-bit encryption SSL to protect your personal information and our Line of Credit application is an easy and transparent process.

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Missouri Line of Credit: Frequently Asked Questions

A Line of Credit is a form of borrowing that provides access to a predetermined maximum Line of Credit amount, known as the credit limit. Unlike traditional loans, where you receive a single lump sum amount, a Line of Credit allows you to borrow money as needed up to the approved limit.

You can think of a line of credit as an additional option that’s readily available when you need it. Once you’re approved for a Line of Credit, you can access funds when you need to cover unexpected expenses. As you make timely payments, the credit becomes available again and can be used at your convenience.

To understand how a Line of Credit works, let’s go through a step-by-step process:

  1. Application: You apply for a Line of Credit online by submitting an application. We will review your credit score, income, identification, and other factors to evaluate your credit profile.
  2. Approval: If approved, you are given a credit limit, which is typically the maximum amount you can borrow. The actual amount you can borrow at any given time depends on your outstanding balance, credit limit, and terms of your account agreement. You can track this available credit in your Account Home.
  3. Accessing Funds: Once the Line of Credit is established, you can access the funds easily and conveniently.
  4. Repayment: As you draw on your Line of Credit, you’ll start accruing interest on the borrowed amount. You will need to make minimum periodic payments, which can vary based on your outstanding balance and the terms of the account agreement. You will receive a statement each billing cycle that details account transactions, charges and fees, as well as the amount of your minimum payment and when it’s due.
  5. Available Credit: As you timely repay the borrowed amount, the credit becomes available again, providing you with a source of funds that you can use whenever the need arises.

A “draw” refers to the act of borrowing funds from your available credit line. One of the benefits of our Line of Credit product is the option to initiate daily draws, so you have the ability to withdraw (or “draw”) funds from the credit line at your convenience. The amount you draw is added to your outstanding balance, and you are then required to make regular payments on the drawn amounts according to the terms of your account agreement.

You control when and how much you draw against your Line of Credit. As long as your account remains in good standing, you can draw what you need up to your credit limit.

To apply for a Line of Credit in Missouri, follow these steps:

  • Check Eligibility: Review the eligibility criteria. For a Line of Credit with Flexibility, you’ll need to meet the following minimum requirements:
    • Must be employed or have a source of regular income.
    • Must be a US citizen or a permanent resident.
    • Must be 18+ years of age.
    • Must have an active checking account in your name.
    • Other credit eligibility requirements.
  • Gather Documentation: In certain cases, we may need additional documents, which may include proof of identity, income, and bank account verifications. It can speed up the process if you have these on hand.
  • Apply Online: Submit your application here.
  • Wait for Approval: We’ll quickly review your application and assess your credit profile and financial situation.
  • Agree to Terms: If approved, carefully review the terms of the account agreement, including interest rates and repayment options, before agreeing to the terms.
  • Start Using the Credit: Once approved, you can start using your Line of Credit to cover expenses as needed.

A Flexibility Line of Credit is only available in select states. To be eligible, you must be a resident of the state in which you apply. For a list of current states, please click here. However, Flexibility is continually expanding into new states to better serve consumers around the country, so make sure to check our website from time to time.

Yes, if you’re able to, we recommend you pay down as much of your Line of Credit balance as you can. This will help reduce your interest charges. Maintaining a lower balance can also allow you to have a higher draw amount of available credit.

Both installment loans and lines of credit are common types of financial products used to borrow money. Each operates differently and has its own pros and cons.

A Line of Credit is a flexible financing option intended to allow you to access a predetermined credit limit when you need it. A borrower is given a maximum amount allowed to borrow, also known as the “credit limit”, and can typically borrow or draw any amount, up to the approved credit limit. You will only be charged interest on the borrowed or drawn amount. High-interest lines of credit can be expensive and should be used only for short-term financial needs, not long-term solutions. This is why it is recommended that you only borrow what you can afford to pay back.

On the other hand, a Missouri installment loan would be repaid over a fixed period of time in regular installments. Generally, a borrower receives the approved loan amount upfront and pays back a portion of the principal and the interest and/or fees through each required minimum payment, until the loan is fully repaid.

A key difference between a Missouri installment loan and Line of Credit is how a borrower receives and pays back the funds. With an installment loan, a borrower typically receives the full amount upfront and repays the loan according to a predetermined repayment schedule, whereas a Line of Credit allows the borrower to access funds as needed. Overall, there are various types of installment loans and lines of credit and each may have features that are suited to different borrowing needs. Always closely review your account agreement and loan terms to find a product that works for you.

Please remember that none of the statements above constitute financial advice. Be sure to assess your personal situation and individual circumstances to determine what makes the most sense for you. If you are experiencing credit difficulties, you should consult a financial advisor or seek credit counseling.

Rates and Terms – Missouri Line of Credit

Flexibility offers a Line of Credit of up to $2,000. The maximum annual interest rate charged by Flexibility for a Missouri Line of Credit is 599%. Interest accrues daily on unpaid principal. Flexibility is a licensed lender in Missouri and complies with state and federal lending regulations. Flexibility may have specific lending guidelines you’ll need to meet to qualify for a Line of Credit.

  • Credit limits up to $2,000.
  • No line of credit set-up or advance fees.
  • You can draw up to your available credit limit.
  • You must have an open and active checking account.
  • Periodic payments will be scheduled each billing cycle on your paydays.

Missouri Line of Credit Sample Fee Schedule

The schedules below are examples of the principal and finance charges of a Missouri Line of Credit with Flexibility. Your billing cycle will depend on the dates and frequency you receive your income. The amount and number of payments will also vary based on the draw amounts, payment amounts, and the terms of your Line of Credit account agreement. The actual finance charge and APR of your Line of Credit will be disclosed in your account disclosures and agreement, and on your periodic billing statement. Changes to your account terms will be provided in accordance with applicable state and federal law.

Borrowers are required to make minimum periodic payments including a minimum principal contribution and any accrued interest or fees. Your minimum payment and due date for each billing cycle will be provided to you in your periodic statement. For borrowers with a weekly or bi-weekly pay period, your periodic payments will be due approximately every two (2) weeks while your account has an outstanding balance. For borrowers with semi-monthly or monthly pay periods, your payment will be due approximately every thirty (30) days while your account has an outstanding balance.

WEEKLY AND BI-WEEKLY INCOME FREQUENCY

Examples below show the estimated cost and timeline to pay off a draw of $200, $600, or $850 from a Line of Credit. Bi-weekly payments are calculated using a minimum principal contribution of 2.5% and daily interest of 1.64%. These estimates assume no additional transactions were made during the repayment period.

Amount Borrowed Typical Payment Number of Bi-weekly Payments Payoff Term Total Finance Charge Total Payments
$200.00  $32.97 40 546 days $1,118.97  $1,318.97
$600.00 $64.99 83 1,162 days $4,794.58 $5,394.58
$850.00 $81.88 97 1,260 days $7,092.39 $7,942.39

Borrowers can reduce the time to pay off the balance and the total repayment amount by choosing to pay more than the minimum amount due each billing cycle. In this example, the borrower makes a $100 payment each billing cycle, in addition to the minimum amount due.

Amount Borrowed Typical Payment Number of Bi-weekly Payments Payoff Term Total Finance Charge Total Payments
$ 200.00 $ 133.89 2 28 days $ 67.78 $ 267.78
$ 600.00 $ 173.96 6 84 days $ 443.75 $ 1,043.75
$ 850.00 $ 208.76 8 112 days $ 820.12 $ 1,670.12

SEMI-MONTHLY AND MONTHLY INCOME FREQUENCY

In the examples below, monthly payments are calculated using a minimum principal contribution of 5% and daily interest of 1.64%. Similarly, these estimates assume no additional transactions were made during the repayment period.

Amount Borrowed Typical Payment Number of Monthly Payments Payoff Term Total Finance Charge Total Payments
$ 200.00 $ 51.22 35 1049 days $ 1,592.72 $ 1,592.72
$ 600.00 $ 106.67 57 1719 days $ 5,480.04 $ 6,080.04
$ 850.00 $ 139.01 63 1900 days $ 7,907.48 $ 8,757.48

Borrowers can reduce the time to pay off the balance and the total repayment amount by choosing to pay more than the minimum amount due each billing cycle. In this example, the borrower makes a $100 payment each billing cycle, in addition to the minimum amount due.

Amount Borrowed Typical Payment Number of Monthly Payments Payoff Term Total Finance Charge Total Payments
$ 200.00 $ 145.87 2 45 days $ 91.74 $ 291.74
$ 600.00 $ 220.40 6 166 days $ 722.43 $ 1,322.43
$ 850.00 $ 316.08 7 196 days $ 1,362.56 $ 2,212.56

AFS Missouri LLC, DBA Flexibility is licensed to do business in Missouri pursuant to Section Chapter 367, 408.500 and Section 408.510 of the Revised Statutes of Missouri. All lending activity is regulated and examined by the State of Missouri, Division of Finance.

Missouri Certificate of Registration Small, Small Loan Company

Missouri Certificate of Registration Consumer Installment Lender Company

Missouri Certificate of Registration Consumer Credit Loan Company

Our customer support channels are available to serve you. If you have any issues or concerns regarding your Missouri Line of Credit, please email us at support@flexibility.com or call us at 800-480-7420. You may contact the State of Missouri Division of Finance regarding concerns or complaints about the service provider with whom you are dealing by calling 573-751-3242.

Have more questions? Check out our FAQ page here.