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Where can you get a fixed line of credit?
You can get a fixed line of credit through your bank and also through a consultant. You can get a fixed rate through a home equity loan. Or through a credit repair company.
What is RC loan?
RC loan refers to Revolving Credit Loan. Revolving Credit is a line of credit, which maybe used whenever a company needs funds. Usually, such credit doesn't have fixed number of payments.
What is the difference between a loan and a line of credit?
A loan is a lump sum of money borrowed upfront and repaid in fixed installments over time, while a line of credit is a revolving credit account that allows you to borrow money up to a certain limit and repay it as needed.
If you have a loan with a bank already can you ask them for more money on that loan?
If it's a term loan (fixed payments, fixed period, fixed rate, etc - ie not a line of credit), it will require a new loan. The new loan will fund the old loan in its entirety and the additional amounts borrowed. If you do a lot of business with a particular bank and they consider you a valuable customer, they will pull strings to keep you happy and in certain cases they may advance additional prinicpal on a loan, but it is very rare. If it is a line of credit then you can draw on it as necessary.
What is the difference between a line of credit and a loan?
A line of credit is a flexible borrowing arrangement where you can access funds up to a certain limit, repay, and borrow again. A loan is a fixed amount of money borrowed upfront, with set repayment terms.
Where can you get a fixed line of credit?
You can get a fixed line of credit through your bank and also through a consultant. You can get a fixed rate through a home equity loan. Or through a credit repair company.
What is RC loan?
RC loan refers to Revolving Credit Loan. Revolving Credit is a line of credit, which maybe used whenever a company needs funds. Usually, such credit doesn't have fixed number of payments.
What is the difference between a loan and a line of credit?
A loan is a lump sum of money borrowed upfront and repaid in fixed installments over time, while a line of credit is a revolving credit account that allows you to borrow money up to a certain limit and repay it as needed.
If you have a loan with a bank already can you ask them for more money on that loan?
If it's a term loan (fixed payments, fixed period, fixed rate, etc - ie not a line of credit), it will require a new loan. The new loan will fund the old loan in its entirety and the additional amounts borrowed. If you do a lot of business with a particular bank and they consider you a valuable customer, they will pull strings to keep you happy and in certain cases they may advance additional prinicpal on a loan, but it is very rare. If it is a line of credit then you can draw on it as necessary.
What is the difference between a line of credit and a loan?
A line of credit is a flexible borrowing arrangement where you can access funds up to a certain limit, repay, and borrow again. A loan is a fixed amount of money borrowed upfront, with set repayment terms.
Is line of credit a loan?
Yes.
What are some options for 2nd mortgage loans?
There are two major options for 2nd mortgage loans. The first is a Home Equity Loan, which is the traditional second mortgage and involves getting a fixed sum of money. The second option is a Home Equity Line of Credit and instead of a fixed sum of money, you get a credit line with a fixed limit.
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
What is the home equity line of credit rate for mortgages in the UK?
Mortgage rates in the United Kingdom are historically low. For a fixed rate loan, borrowing with good credit, the rate can be as low as 1.75%. Rates are slightly lower if applying for a variable rate loan.
What about credit card?
line of credit that you can borrow, to purchase items. it is a loan
Who can co-sign auto loan?
Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.Anyone with good credit, who is willing to put their good credit on the line for you, and willing to guarantee that your loan will be paid even if they have to pay it, can co-sign a loan.
What is the difference between home equity line loans and line of credit loans?
A home equity loan is a one time mortgage made against the equity of your property. On the other hand, a line of credit loan is not really a loan but is a line of credit you can access anytime within a set time period.
