yashirani yashirani
  • 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
  • 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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