Question

 What is a revolving line of credit?

Answer A revolving line of credit is a type of loan or lending product offered by banks, credit unions and other financial institutions. Both businesses and individuals can utilize revolving lines of cred... Read More »
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Top Q&A For: What is a revolving line of credit

Is the GE MasterCard a revolving credit line card?

Like all traditional credit cards, the GE MasterCard offer a revolving line of credit. This means that the amount of your available credit will decrease when purchases are made and increase-up to t... Read More »
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Can i use a home equity revolving line of credit to buy a car?

It is possible to use a home equity revolving line of credit (HELOC) to buy a car only if there is a balance on the HELOC. A HELOC s a variable-rate loan that is an interest-only payment in the ear... Read More »
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What is a revolving credit loan?

A revolving credit loan is one on which there is no set number of payments, and a balance may be carried from one month to the next, as long as a minimum payment is made.TypesRevolving credit is mo... Read More »
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What is a revolving letter of credit?

A revolving letter of credit contains instructions that allow a beneficiary to draw specified amounts over specified periods. It is established when there are regular shipments of the same product ... Read More »
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