Short-term credit can solve a real problem — or create a new one. We are committed to helping you use Elastic lending loans responsibly.
Our principles
- Transparency first. We show the cash advance fee and carried-balance fee before you apply.
- Right-sized borrowing. We encourage you to draw only what you need, not your full limit.
- Short-term use. Elastic is built for short-term needs, reinforced by its 10-month cooling-off rule.
- No pressure. We never use countdown timers, fake scarcity or "guaranteed approval" claims.
- Fair treatment. We support the Equal Credit Opportunity Act: credit decisions may not discriminate based on race, color, religion, national origin, sex, marital status, age or receipt of public assistance.
Before you borrow — a checklist
- Is this expense urgent and unavoidable?
- Have you asked the biller for a payment plan or extension?
- Could a credit union payday-alternative loan or employer advance cost less?
- Which specific paychecks will repay the advance?
If you're in financial difficulty
Contact your lender before you miss a payment. Free or low-cost help is available from nonprofit credit counselors (NFCC member agencies). You can submit a complaint about any financial product to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.
Military Lending Act
Elastic credit is not available to covered borrowers under the Military Lending Act. Service members can find free financial counseling through Military OneSource.
Last reviewed October 17, 2026. Information reflects published Elastic® line of credit terms at the time of review and may change. Always read the lender's Line of Credit Agreement before you borrow.