Results for: Line-of-credit

How do you get approved for line of credit?

  Answer   There are personal and business lines of credit. If personal, they are often secured by the equity in your home. Find a local bank or credit union that (MORE)

How does a line of credit work?

  Answer     A line of credit is basically a loan that you only draw on periodically as you need it. Lending institutions, such as banks, will open them for you o (MORE)

Stocks 101: Learn Stock Market Basics

The stock market is one of the more intimidating subjects in all of personal finance. You may want to get into the stock market, but are hesitant because you don't understand (MORE)
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How does one open a line of credit?

The easiest line of credit to open is a credit card. There are many credit cards who, for higher fees and interest rates, specifically target people with poor or no credit. Ot (MORE)

Do you have to have have homeowners insurance with a credit line?

Yes, if the line of credit is a home equity line where the home is the collateral for the loan then you will have to prove that you have insurance on the home for the home equ (MORE)
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What is meant by equity credit lines?

A home equity line of credit is a loan in which the lender agrees to lend a maximum amount within an agreed period (called a term) where the collateral is the borrower's equit (MORE)
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What is the advantage of a secured line of credit?

The advantages of a secured line of credit is that one will get a lower rate of interest as the credit is secured against a property or business. It can also be beneficial to (MORE)
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What is the purpose of lines credit?

One will find that the purpose of a line of credit is overdraft protection. Lenders also offer lines of credit (also called loan terms) to borrowers. One may borrow up to a (MORE)