ReadyLine of Credit Examples

Estimated Payment Examples

Installment Cash Advance Example

Carol has a ReadyLine of Credit with a credit limit of $6,500 and a rate of 10.99%. Her son just turned 16 and she would like to purchase a used car for $6,000 (installment).1 Carol’s estimated monthly payment would be $155.04.*

10.99% RLOC example

Revolving Cash Advance Example

Sam has a ReadyLine of Credit with a credit limit of $1,800 and a rate of 16.99%. He has two credit cards totaling $1,200 and would like to consolidate this debt into one payment (revolving).1 Sam’s estimated monthly minimum payment would be $36.00.*

16.99% RLOC example

Revolving & Installment Cash Advance - Combined Example

John has a ReadyLine of Credit with a credit limit of $5,000 and a rate of 14.99%. On Monday, John spent $500 for new car tires (revolving). Later that day John also had to spend another $2,100 on repairing his air conditioner (installment).1 John’s estimated monthly payment would be $73.43.*

14.99% RLOC example