A line of credit is kind of like a credit card. You have a set amount you can borrow, and interest doesn't begin to accrue until you start using the credit. And when you pay back the loan, your credit ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Understand the essential differences between secured and unsecured lines of credit, including how they affect interest rates, ...

Personal lines of credit, or PLOCs, give you flexible access to cash at interest rates lower than most credit cards. Jackie Lam is a contributor for CNET Money. A personal finance writer for over 8 ...

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, ...

In a tough economy, a revolving line of credit can offer handy flexibility when unforeseen expenses pop up. But it's n ...

As a borrower, understanding the impact of credit and the types of credit available can help you intelligently leverage your wealth without risking high fees, interest and long-term debt. The two most ...

The SBA offers multiple lines of credit for business owners who need short-term working capital. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Business line of credit lenders offer an ongoing source of funding without the need to reapply for funds, but costs can be ...

If you need access to cash, either a personal loan or a line of credit could be an option. However, there are some significant differences in their availability, function and purpose. Plus, both come ...

A line of credit is a flexible loan option that lets the borrower access up to a specific amount of money as needed. You may consider a line of credit if you need access to money quickly but don't ...