Line of Credit

Your Fayetteville Personal Line of Credit: What It Can Offer You

Personal lines of credit offer financing flexibility, without hassle, for those who have a good credit rating with no collateral required other than your good name. This is the same as the personal loan, except we give you an established line that you can use at your convenience for any purpose. It can even be used as an option for overdraft protection for your Fort Bragg Federal Credit Union checking accounts.

Why Get a Personal Line of Credit in Fayetteville, NC?

A personal line of credit from Fort Bragg Federal Credit Union offers several advantages:

  • Competitive interest rates. Since Fort Bragg Federal Credit Union is a credit union and not a bank, we don't have to appeal to shareholders or promise them increased profits at your cost. In fact, like all credit unions, Fort Bragg Federal Credit Union is a not-for-profit organization. Our loyalty is to you, our members. This allows us the freedom to set our own interest rates — and keep them lower than most banks.

  • A flexible, revolving form of personal financing in Fayetteville, North Carolina. A personal line of credit can be paid off, paid partly, or carry a balance. Each month, you can continue to use the unused portion of your credit line, up to your credit limit. When you have extra cash, you can use it to pay down or pay off your line of credit. The money (up to your credit limit) is available to you when you need it.

  • Convenient access to cash. Wouldn't it be nice to have access to cash when you need it? A personal line of credit allows you to withdraw cash when you need it, transfer it to your Credit Union account, or use it to pay bills.

  • More financial freedom. A line of credit can be used as you like. You can use it to pay for schooling, home repairs, everyday purchases, or bills. You can use it for those purchases you need to make so you can live the life you want. 

  • Potential support for your credit rating. A personal line of credit can improve your personal cash flow and may help you build your credit. You can use your line of credit to ensure you pay your bills on time and meet your financial obligations, potentially helping you strengthen your credit rating.

Our Personal Line of Credit Is an Ongoing Source of Money

It’s a truly affordable source for financing almost anything! With a Fort Bragg Federal Credit Union personal line of credit, you can:

  • Access funds from your line of credit by visiting a teller at any branch, one of our ATM’s, Online Banking, or Tel-Info. It's easy to access money when you need it with your line of credit.

  • Pay finance charges only on the balance used. If you don't use any money on your line of credit, you don't have to make any payments. 

  • Make monthly payments based on the loan balance. The smaller your loan balance, the less you pay per month. Monthly payments are automatically deducted from your account, so you don't have to worry about late payments.

  • Enjoy a low, non-variable interest rate. A Fort Bragg Federal Credit Union personal line of credit comes with a predictable interest rate that stays the same. Our low rate is fixed, so you don't have to worry about surprises from month to month.

  • Enjoy credit limits up to $20,000. Apply for a personal line of credit today to find out how much you qualify for.

  • Line of Credit Rates. If you have any questions, you can contact Fort Bragg Federal Credit Union and we’ll explain our personal lines of credit to you in clear, simple terms.

  • Online Loan Application. Do you like the idea of a personal line of credit, but worry about the application process? With our online loan application, you can find out whether you qualify and you can submit your financial information in full confidence and security.

If you've always wanted a line of credit or an alternative to credit cards, but don't own your own home or don't want to use your home as collateral, the Fort Bragg Federal Credit Union personal line of credit might be the right solution for you.