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Line of Credit

Line of Credit

Need cash but not sure how much? A Line of Credit lets you withdraw up to the max and repay at any time, unlike a fixed schedule personal loan.

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 Line of Credit vs. Credit Card: What’s the Difference?
Line of Credit vs. Credit Card: What’s the Difference?

While a personal line of credit is more commonly categorized as a loan, in reality, it functions more like a credit card. That’s because a line of credit is a form of revolving debt, in which the money you borrow is paid back... only to be borrowed again. There are other similarities between a line of credit and credit card, however, there are also some key differences. Understanding how these two financial products compare and contrast will help in determining which option is the best for a consumer’s personal needs.

Line of Credit · 4 min read

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Frequently Asked Questions

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How does a Line of Credit work?

What is a Line of Credit?