About opening a line of credit

January 16th, 2008

There is a solution to the credit card problem. Opening a line of credit can be more affordable and offer more flexibility. The interest rate is usually lower than that of a credit card, and you can withdraw cash without the extra fees. A home equity line of credit is a good option if you own your own home, but if you don’t, you can open a personal line of credit. This type of loan is unsecured and you are given a credit limit based on your credit report and income. So instead of using your credit card, talk to your bank about a credit line. 

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Entry Filed under: Business

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