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    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 14.74%. 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 $166.19.*

    RLOC payment example

    Revolving Cash Advance Example

    Sam has a ReadyLine of Credit with a credit limit of $1,800 and a rate of 20.74%. 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.*

    RLOC payment example

    Revolving & Installment Cash Advance - Combined Example

    John has a ReadyLine of Credit with a credit limit of $5,000 and a rate of 18.74%. 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 $92.50.*

    RLOC payment example

    See example of a statement.[PDF]

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