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What is line of credit?



What is line of credit?

A line of credit is the amount one can borrow from a bank that is predetermined between the parties.
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a loan that you borrow from when you need to without getting all the money at once.
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Related information
  • What is line of credit?
  • Is there a credit card company that will give me a line of credit when my credit is not that good?
  • How does a line of credit work?
  • I need to find a line of credit, using my business, but my credit is bad , any ideas?
  • Is payment of Line of Credit balance considered income when I sell my house?
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