0
What else can I help you with?
What is the difference between a credit line and available credit?
A credit line is the maximum amount of money a lender is willing to lend to a borrower, while available credit is the amount of that credit line that has not been used.
What is the maximum credit access line available for this account?
The maximum credit access line available for this account is the highest amount of credit that can be borrowed or used.
What is the difference between line of credit and revolving credit?
A line of credit is one type of revolving credit, which works similarly to a credit card. Both a line of credit and revolving credit have a set amount available to use, and when you pay down or pay off the amount, the credit is available for you to use again. A line of credit may use collateral to secure the loan, such as a business building, or it may be unsecured or without collateral, such as a credit card.
On credit card what is difference between initial credit line and partial line amount?
According to Citi, the partial line amount is the available cash advance amount, and the credit line is the limit on the account
Can you explain what your credit line means?
Your credit line is the maximum amount of money that a lender is willing to let you borrow. It represents the total credit available to you, but you are not required to use the full amount.
What does it mean when a credit inquiry says open?
It means that the credit line described is still open and available for use.
What is the difference between a credit limit and a credit access line?
A credit limit is the maximum amount of money a lender is willing to let you borrow, while a credit access line is the total amount of credit available to you at any given time.
What Does Cash Credit Line Availability Mean?
It's the amount of credit on your credit card that is currently available for you to use for cash advance transactions.
Do minors have credit scores and if so, how are they established and impacted?
Minors typically do not have credit scores because they are not legally allowed to enter into contracts, such as applying for credit cards or loans. However, some minors may have credit reports if they are victims of identity theft. In such cases, their credit scores can be impacted negatively if fraudulent accounts are opened in their name.
What is the meaning of 'to max out' a credit card?
You use up all of your available line of credit and you don't have any money left to borrow.
Does a home equity line of credit count against your equity when refinancing?
Yes, if you have used any of the credit available to you. For example, if you have used $10,000 of a $20,000 line of credit then you have to add that $10K to the balance of the total owed on the property.
What does the company Creditline deal in?
No company named Creditline could be found. A credit line is the amount of credit available to a consumer or business on a credit card or bank account.
