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Knowledge Base Article

Personal Line of Credit

What is a Personal Line of Credit?

A Personal Line of Credit is a line of credit which allows you access to up to $20,000 based on credit worthiness and ability to repay. The line of credit can be used for any purpose. There is no annual fee for this type of loan and you only have to apply once. Personal Lines of Credit can also serve as overdraft protection for your Checking Account by automatically transferring money to your account if ever needed. Ordinary finance charges and an Overdraft Transfer Fee will be assessed to the checking account. You can access this loan through Interactive Voice Response Line, Online Banking, by check, mail, or at any Delta Community branch.

How to apply for a loan

How can I lower my loan limit?

To request your credit limit to be lowered, you will need to send the request using one of the following methods:

  • Online via the Secure Email
  • Mail your signed request to: PO Box 20541, Atlanta, GA 30320-2541 Attn Loan Servicing
  • Fax your signed request to 470-351-6628 Attn: Loan Servicing

Is it possible to pay more than the scheduled payment due on my Personal Line of Credit every pay period?

Yes, you may pay more than the scheduled payment due each pay period. We require a written authorization in order to perform this transaction. You can send this request to 450-351-6628 Attn: Loan Servicing or online using the Secure Email. If your payments are set up as ACH payments, your scheduled amount will still show the required payment, however the actual transfer amount will be as you have requested. If your payments are set up as auto transfer, the payment due will show the requested amount.