Published: 17 August, 2010
Elastic Credit Debit Card Puts Twist on Traditional Loans
Elastic, a product of Think Finance, Inc., is dedicated to helping people "s-t-r-e-t-c-h [their] paycheck a little further" to help cover bills or avoid bouncing a check. Elastic focuses on providing competitive pricing, convenient products and amazing customer service.
Unlike other loan companies, Elastic offers cash in two ways: a prepaid Elastic credit or debit card and the Elastic checking account from Urban Trust Bank.
In order to get an Elastic account, customers can apply online to find out immediately if the application has been approved. From there, customers may choose to deposit the money into his or her bank account or receive an Elastic credit card to use a prepaid debit card. If the card is chosen, funds will be instantly uploaded in the future. With the deposit onto a bank account, it can take as little as one business day
How does the line of Elastic credit work?
Cash can be deposited into a bank account or added onto the Elastic card. This card is accepted anywhere that accepts Visa debit cards. Elastic has very basic pricing: $2.50 per $20 borrowed. If paid in full on or before the due date, no additional fees ensue. If the allotted time isn't enough to time to pay back, customers can choose pay an extension fee of $2.50 per $20 of the outstanding balance.
Elastic and Think Finance strive to offer the most transparent, easy loans possible. For more information about Elastic, go to http://www.elastic.com/
Tags: elastic credit, loans,avoid bouncing a check
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