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Elastic LLC Line of Credit, worthwhile?

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J91605
Frequent Contributor

Re: Elastic LLC Line of Credit, worthwhile?

I have to agree with gdale and Norman. With a statement like that they are basically stating they are going to rob you. Definitely payday loan status.

Starting Score: 6/30/15 EQ 554 TU 534 EX 608
Current Score: EQ 630 TU 635 EX 653
Goal Score: 680 across the board

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Message 11 of 17
Anonymous
Not applicable

Re: Elastic LLC Line of Credit, worthwhile?

The letter with my offer has long been destroyed, sorry.

 

I suspect they are coded to a specific individual and cant be transferred.

 

You might try just looking raound on their website.

 

hth

 

Message 12 of 17
Anonymous
Not applicable

Re: Elastic LLC Line of Credit, worthwhile?

This no longer holds true. the government cahnged this in 2013. they no longer have immunity.

Message 13 of 17
Anonymous
Not applicable

Re: Elastic LLC Line of Credit, worthwhile?

Miss Byrne,

the response you give is awesome. I was about to do the same thing not build my credit but to catch up with bills.   You are right, you can't response to negative thoughts.  If you do you get a negative result.   

Message 14 of 17
Anonymous
Not applicable

Re: Elastic LLC Line of Credit, worthwhile?

"'this is an expensive form of credit and should not be used as a long term solution'."

 

That should tell you everything you need to know. Run fast, run far.

 

If you need an installment loan for score purposes do a small share secured loan from SDFCU or other similar CU.

Message 15 of 17
Anonymous
Not applicable

Re: Elastic LLC Line of Credit, worthwhile?

T9F6J4

Message 16 of 17
Anonymous
Not applicable

Re: Elastic LLC Line of Credit, worthwhile?

I actually don't think it's that bad of a loan option if your credit isn't that great. I also was offered $2500 line of credit. Took $700 advance & pmts are $75 every 2 weeks  (my paydates) . By the time I've paid off the loan it will cost $900.  Money was deposited next day.  Payments taken from my chk. Acct. 

Message 17 of 17
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