answersLogoWhite

0


Best 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 offers home equity lines of credit and apply. They'll be happy to answer your questions.

If it is a business line of credit, talk to the business lenders at your bank. Some credit unions also offer business loans.

The approval will be based on your credit history, income level and assets available to secure the loan.

In the United States, you must be 18 to apply for a loan.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you get approved for line of credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

You were approved today for emerald line of credit so can you use the credit today?

Yes I had the line of credit twice and you can use it the same day after 1 hour of receiving it.


A pre-approved amount of open-end credit based on a borrower's ability to pay is called a?

Line of Credit


What does O.A.C mean?

Usually "on approved credit" Means if you're approved you get credit


What is credit and what is debt?

Credit is having a certain amount of money available on a pre-approved line. Debt is what happens when you use that line of credit and have to repay the money with interest. It is better to save up the money and pay cash or use debit


Where can one get approved for an APR credit card?

"Just like any other credit card, one can apply on line or at your bank and/or any bank. But just like any other credit card it depends on your credit history and there is no way to say whether or not you can get approved 100% on an APR credit card as the same standards apply to it as do to any credit card."


If you were approved for a credit card you applyed for?

have i been approved


What happens to home equity line of credit at death?

The loan will come due in full immediately if it is not a joint loan. If there is another person at the home, say a wife of a deceased husband who had the line in his name alone, they will have to be approved for a loan of their own. You cannot have a loan on property that was approved with another persons income/credit score.


What is OAC?

On Approved Credit


How can I find out my approved walmart credit card status and amount?

was my credit ard applation for wal mart approved


Is it difficult to get approved for a New York life credit card?

It is not difficult to get approved for this credit card. They have the same general guidelines as other major credit cards.


If you apply for a credit card and are approved does it show on your credit report?

It will appear on the CR when the account becomes active, not when the card is approved.


How long does it take to get approved for a home equity line of credit in California?

The average time for a Home Equity Line of Credit to close in California is 30 days from the date one submits an application. The amount of time depends upon the lending institution used.