Natalie’s Line of Credit Experience

Natalie is the homeowner of a beautiful town house with a kitchen that has some not-so-beautiful countertops. Natalie ignored the discolored, lime green surface for quite some time. But after years of wear and tear the countertops almost became unusable. Natalie began to despise her quirky countertops and knew that something had to be done.

Meet Natalie:

36 years old
Lives in Vancouver, British Columbia
Has extremely ugly countertops

Natalie has always been a “do it yourselfer” but after researching the time, effort and skills that it takes to replace your own countertops, she realized it was a much larger task than she originally thought. She decided to get a few quotes from local contractors.

After receiving some bids she knew she was going to need a little extra help to make her granite countertop dream a success.

A quick online search led Natalie to LendDirect. At this point, she still wasn’t sure about borrowing the money to complete her kitchen renovation. But after reading about LendDirect’s flexible line of credit and realizing that she could fill out an online application with no obligation, she decided to give it a shot.

Just minutes after starting her application for a line of credit, she was given a no-obligation pre-approval decision. Here is a breakdown of Natalie’s personal line of credit decision with LendDirect:

Bi-Monthly Statement

Approval Amount
(Credit Limit)

$11,000.00

Advance Amount

$7,000.00

Annual Interest Rate

46.93%

Estimated Payment
(with Loan Protection)

$242.09

Natalie’s Countertops Were in Sight

Natalie was ecstatic. She could picture herself cooking dinner for her friends in her kitchen, telling them all about her new countertops. But she was smart. Before committing to her personal line of credit she did her research. She spoke with a LendDirect Financial Services Representative who talked her through her statement, how she could make payments online or over the phone and how she could take out as many cash advances as she needed up to her credit limit of $11,000.

After signing her loan documents, there was a deposit of $7,000 in Natalie’s checquing account. She could now use the funds to choose a contractor to finally have her beautiful granite countertops installed. Although Natalie had the option to withdraw as many cash advances as she found necessary, she never needed to. Natalie paid back her loan early to avoid paying extra interest and ended up enjoying her granite countertops for many years.

The above information is based solely off of an illustrative example and is not based on a real person or a real scenario.

Get Your Line of Credit Today

LendDirect is here to help. Whether you’re installing new granite countertops in your kitchen or a new skylight on your roof to save on energy bills, our line of credit can be used for any number of things. Start your application for a personal line of credit today by visiting a LendDirect branch near you or by clicking the button below to apply online. You can also apply over the phone by speaking with one of our Financial Services Representatives.

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