A CreditFresh Personal Line of Credit by CBW Bank provides you with the financial flexibility to have a safety net for unexpected expenses that may come your way. This process is simple, quick, and completely transparent, with clear terms and no unexpected hidden fees. Credit cards for bad credit help people with credit scores from 300 to 639 rebuild their credit. The best credit cards for bad credit have annual fees as low as $0, and some even give rewards equal to 1% cash back or more on purchases. Obtaining a line of credit with a low credit score is difficult, but not impossible. Interest rates tend to be higher and the line of credit may be capped at a lower level than someone with a more pristine credit history. Loan vs. Line of Credit: An Overview. Loans and lines of credit are two different kinds of debt issued by lenders to both businesses and individuals. Approval for both loans and lines of credit. How to Apply for Line of Credit Online. A line of credit provides flexibility and quick access to funds in an emergency. Apply Online – You can easily apply for a line of credit online 24 hours a day. You can also call us during business hours to apply over the phone. Bad Credit An individual's credit rating is typically considered bad or poor if their FICO score falls below 620. Issues that drop a FICO score to such a level include defaulting on (failing to pay back) loans and credit cards, making payments past their due date, and/or carrying a high level of debt. Generally speaking, a credit score of between 300 (the lowest FICO score) and 650 is considered bad credit. However, some card issuers will consider scores of 550 to 650 as being simply poor credit and may consider you for an unsecured credit card. In a Nutshell If you have bad credit, it can be difficult to get approved for a line of credit. When you need money, looking at lenders that offer “bad-credit” lines of credit may not be your only financing option — or even the best one. It may be worth considering other types of credit. We do not offer bad credit” lines of credit. When credit-reporting agencies calculate credit scores, they draw on a range of information, combining it into a single number that may or may not reflect an individual’s actual creditworthiness. A line of credit works differently than a loan but may be a great alternative when you need funds on an ongoing basis. You’re probably familiar with how a loan works: Once your loan application is approved, you receive your loan money as a lump sum.