honey1515 honey1515
  • 22-09-2018
  • Business
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How is a line of credit different from a loan

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shaycottingham
shaycottingham shaycottingham
  • 22-09-2018
Bigger-ticket debts (like a house or car) are made through standard loans. These are more likely to be secured against an asset. lines of credit tend to have higher interest rates and smaller minimum payment amounts.
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