With so much economic turbulence over the past couple of years, many of us may have depleted our emergency stash of cash. As uncertainty surrounding our economy continues, some may be looking for a financial safety net to prevent stress in the event of an emergency. To address this need, Spirit Financial has announced the launch of our new Personal Access Line of Credit. This is an unsecured line of credit for up to $35,000* that will link directly to a borrower’s checking account for ease of real-time transfer as needed. You simply apply for the line of credit, and once approved, you are able to draw funds as long as you have credit available during the draw period of the line.

Spirit Financial Personal Access Line can help you cope with emergency costs

The Personal Access Line will allow a borrower to withdraw funds as needed for a set period of time. As mentioned above, the funds can be accessed through an easy online transfer into a checking account.

When money is tight, the slightest emergency can send your budget into a tailspin. Imagine hitting a huge pothole, which is a pretty common occurrence on Pennsylvania roads these days, and finding yourself needing two new tires, as well as wheel bearings. Envision a sudden roof leak resulting in the need for an immediate and costly roof repair. Whether it’s an expensive home maintenance project, an unexpected surgery for your pet, or a sudden increase in your child’s tuition, with the Spirit Financial Personal Access Line of Credit your budget can stay afloat as you transfer funds quickly and easily through online banking directly into your checking account to cover you're your unforeseen expense.

The Personal Access Line is Ideal For:

• Emergency or unexpected vehicle repairs

• Unplanned crucial home repairs

• Unforeseen necessary medical or veterinary expenses

• Unexpected, essential travel

• Assistance with living expenses due to job loss or pay cut

• Enjoying a discount when opting to pay cash to a contractor or other vendor

• An alternative to using a high-rate credit card for unplanned expenses

The benefits of the Personal Access Line

Unlike a traditional installment loan where you borrow a lump sum and begin paying off the entire amount, including principal and interest, the main advantage of the Personal Access Line includes the flexibility of borrowing only what you need as you need it and then paying off the amount you borrow, plus interest. You will have the security of constant access to funds while they are available. Additional benefits include no annual fee, no prepayment fee, and no minimum balance fee. Since the Personal Access Line links to your checking account, it can also be used for overdraft protection, saving you from incurring overdraft fees. Unlike a home or auto loan, there are few restrictions on the use of the line, making it a smart choice for meeting sudden or emergency cash needs. Because you have the flexibility to borrow only as much as you need, it may also help you keep your debt balances lower.

Apply Today for the Personal Access Line

Having immediate access to cash in the event of an emergency can provide you with the peace of mind you need. If the Spirit Financial Personal Access Line, and the flexibility it provides, sounds like a good option for your needs, apply online today.

*APR = Annual Percentage Rate. Rates are for qualified borrowers and are based upon the creditworthiness of the individual. Actual rates may be different than the rates shown. Minimum APR is 11.75%, maximum APR is 18%. As of 12/15/22 the Prime Rate was 7.50%.