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What is a line of credit loan anyway?

April 26, 2017line of credit loan

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What is a line of credit loan anyway?

1 Answer

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A line of credit loan is very similar to a credit card. Your first payment is not due for 30 days from your they day you open your account. You have a 25 day grace period to pay off any new balance with NO interest. You can re-borrow anytime you pay off your loan in full. We also increase credit limits periodically so you can take additional advances when needed.