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- DictionaryCred·it line
noun
- 1. another term for line of credit (see line
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5 days ago · A personal line of credit is a revolving amount of money you can draw from and repay as needed. Learn about the pros and cons of personal credit lines.
- Miranda Crace
Mar 15, 2024 · A personal line of credit (PLOC) is a loan you use like a credit card. A lender approves you for a specific credit limit, and you draw only what you need and pay interest only on...
Mar 20, 2024 · A line of credit is a form of revolving credit. You have an initial credit line, which you can borrow against. You only pay interest on the amount of your credit line that you use. Getting...
Nov 22, 2022 · A personal line of credit lets you borrow money on a revolving basis, much like a credit card. This flexibility may be appealing if you want to cover a project with unpredictable costs,...
May 8, 2024 · A line of credit allows you to borrow revolving credit at a lower interest rate than you would typically get with a credit card. A line of credit gives you access to money to borrow, and the account remains open even as you make payments.
A credit line is a flexible loan that allows you to borrow as needed up to a certain limit. Just like a credit card, you don't need to take the whole amount all at once; you can draw against the loan over time, up to your approved limit.
Feb 24, 2024 · Learn how a personal line of credit works, as well as its benefits and drawbacks, to determine if it can provide flexible financial support when you need it.
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related to: define credit lineUnhappy with Your Credit Score? See Your Free Reports with Resources to Help Improve It. Know What Factors Can Help Your Credit Scores Go Higher, Faster with Your Free Reports.
At least 660 FICO, $3k+ avg recent mthly revenue, applicant 18+ yrs old. Terms Apply. Apply and if approved, access funds to help you build your business. Terms Apply.
