I don’t think “unexpected car-related expense” is the most interesting topic in the world of automobile, but I think it’s safe to said as one of the most important topics to talk about. Maybe part of us already have had the experience facing the worst time to be in a car crash and need extra cash to cover all the expense. How did you get such extra cash? I know there are many sources to reach including friends, PayDay loan institution, or something else.

But this time I want to mention a new source to get an immediate loan for car-related expense – Elastic. Elastic is an open-end line of credit that can be used to cover unexpected expenses like auto repairs. According to The Free Dictionary, Open-end credit is an agreement between a bank and a company or an individual to provide a certain amount in loans on demand from the borrower. The borrower is under no obligation to actually take out a loan at any particular time, but may take part of the funds at any time over a period of several years. For simplicity, the Elastic is kind of a new source for emergency loan that was built to be easy, friendly, fast and flexible.