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  2. Personal loan vs. personal line of credit: What’s the ... - AOL

    www.aol.com/finance/personal-loan-vs-personal...

    Personal lines of credit are an unsecured revolving credit line, similar to a credit card. They have variable rates, which are usually pegged to the prime rate. Unlike a personal loan, lines of ...

  3. Line of credit - Wikipedia

    en.wikipedia.org/wiki/Line_of_credit

    Most personal lines of credit are unsecured. This means the borrower does not promise the lender any collateral for taking an unsecured line of credit. One exception is home equity lines of credit (HELOC), which are secured by the equity in homes. [2] Secured lines of credit offer the lender the right to seize the asset in case of non-payment.

  4. 7 Best Personal Lines of Credit - AOL

    www.aol.com/7-best-personal-lines-credit...

    PenFed Credit Union Personal Line of Credit. PenFed’s personal line of credit may be an option if your credit score and history are lacking. However, while rates start as low as 7.74% APR, you ...

  5. 8 types of personal loans and their uses — plus 5 to avoid

    www.aol.com/finance/types-personal-loans-uses...

    A personal line of credit gives you access to a pool of funds that you can borrow from when you need to — similar to a credit card. You’ll only pay interest on the amount you borrow .

  6. Signature line of credit - Wikipedia

    en.wikipedia.org/wiki/Signature_line_of_credit

    A signature line of credit is a revolving line of credit that is not backed by collateral; i.e., the sole criterion for the decision to grant the loan and establish the terms thereof is an assessment of the customer's credit rating. Also known as an unsecured line of credit.

  7. Personal loan vs. home equity loan: Which should you use for ...

    www.aol.com/finance/personal-loan-vs-home-equity...

    Personal loan. Home equity loan. Rates. 8% to 36%. Varies based on the prime rate. Loan amounts. $2,000 to $50,000. Up to 85% of your home’s value. Minimum credit score. 670. 680. Repayment ...

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