Ask Question
12 March, 00:57

How is a line of credit different from a loan?

+2
Answers (1)
  1. 12 March, 01:16
    0
    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. you are also able to borrow any part of your credit line again once you have paid it off.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How is a line of credit different from a loan? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers