answersLogoWhite

0

Literally, no; a line of credit just gives you access to funds. But practically speaking, good versus bad credit can directly impact your money as it will qualify you for better or worse terms on a contact, so the actual amount you end up paying for borrowed funds will be less or more based upon the APR you qualified for.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

What is adjective form of money?

monetary The necklace has no monetary value.


What does items having value mean?

It means that the items are intrinsically valuable (monetary value) or are precious to a person (sentimental value). Most items having value are those that can be put to some beneficial use.


Reginald's credit card statement states that his balance is 550 What does the term balance mean?

The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.


What is the adjective of money?

monetary The necklace has no monetary value.


What is the monetary value of a 1942 mercury dime?

The Monetary Value is 10 cents. The intrinsic value is about $2.50. The numismatic value is $3.00.


What is the monetary value of uranium?

The monetary value of uranium is 10 dollars per gram and i dont give a ****


How does the Federal Deficit Financing influence monetary and credit conditions?

1. Federal Government deficit financing may have a very great influence on monetary and credit conditions.


How does federal deficit financing influence monetary and credit conditions?

1. Federal Government deficit financing may have a very great influence on monetary and credit conditions.


What does monitary mean?

Monetary terms means putting a money value on something. For example, we could say to someone applying for a job, "Well, we have discussed the philosophy of our firm, so now let's talk in monetary terms about your expectations."


What policy concerns banks credit and currency?

monetary policy


What is the U.S. monetary system based on?

The U.S. monetary system is based on credit; and its money supply consists of currency, coins and checkable public deposits in the banking system. Since 1968, the value of the currency is based on its purchasing power in the economy and around the world.


If a coin is stamped with copy AC 1093 on the back what does that mean?

It means the coin was not issued by the U.S. Mint and is just a copy having no monetary value.