Keyword Analysis & Research: lines of credit loans


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Frequently Asked Questions

What is the difference between a line and a loan?

The difference is; a loan is giving you the money to purchase a residential property, for example, and you start to pay interest and start to repay the loan. A line of credit is a loan where the borrower is just paying interest when the borrower is drawing some money.

What is the difference between a loan and a credit?

Both loans and lines of credit let consumers and businesses to borrow money to pay for purchases or expenses. Common examples of loans and lines of credit are mortgages, credit cards, home equity lines of credit and auto loans. The main difference between a loan and a line of credit is how you get the money and how and what you repay.


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