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What is a line of credit?
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Both a line of credit and a credit card are types of revolving credit where you can borrow up to a certain amount and only pay interest on what you borrow. A line of credit typically has a lower APR ...
When individuals or businesses need to borrow money, they typically go to a bank for a loan or line of credit. Before going, however, knowing the difference between the two is important. With a loan, ...
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