how is a line of credit different from other types of loans?

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22-05-2017
Advanced Placement (AP)

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how is a line of credit different from other types of loans?

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starburst200242 starburst200242 · Answer 1 · 2017-05-23T00:24:08+02:00

starburst200242 starburst200242

23-05-2017

A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan simply by writing a check.

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