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How Does A Line Of Credit Work

Trustcapitalusa12 Jan, 2023Finance

When individuals need money, seeking a line of credit is often the last thing that occurs to them. How does a line of credit work? A line of credit is a flexible loan from a financial institution that consists of a defined amount of money you can access as needed and repay immediately or over time. Similar to a credit card that offers you a limited amount of funds you can use.