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

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

   The difference comes in how you receive your funds. Borrowing a personal loan means receiving a lump sum when you are approved, while a personal line of credit functions similarly to a credit card ...

3. Line of credit - Wikipedia

   en.wikipedia.org/wiki/Line_of_credit

   v. t. e. A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time.

4. 5 Credit Card Payoff Tips From Experts at the Women in Money ...

   www.aol.com/finance/5-credit-card-payoff-tips...

   And many card holders are tempted to keep using their credit cards to earn rewards or cover expenses even as they carry a balance. In fact, 67 percent of Americans with credit card debt still ...

5. What is a HELOC? - AOL

   www.aol.com/finance/heloc-home-equity-line...

   A home equity line of credit (HELOC) is a variable-rate form of financing that allows you to cash in on the equity you have in your home. HELOCs are a revolving line of credit, similar to a credit ...

6. Home equity line of credit - Wikipedia

   en.wikipedia.org/wiki/Home_equity_line_of_credit

   A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage). Because a home often is a consumer's most valuable asset, many homeowners ...

7. 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 .