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meliSoficinteiger meliSoficinteiger
  • 20-01-2017
  • Business
Answered

What is a line of credit and how does it work?

Verified Answer :

Michaelmouse
Michaelmouse Michaelmouse
  • 20-01-2017

A line of credit is a type of loan that doesn't give you one giant injection of funds the way a traditional loan does. Like a credit card, you draw on the credit when you need to pay for something that is financially out of reach.

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