The article is just talking about lines of credit. That's where someone just has the credit available to use (usually from a house or business), but doesn't take out the money until they need it.
Lines of credit never made a lot if sense to me. The rates are usually high and repayment periods short. Even credit cards usually have better terms.
The article is just talking about lines of credit. That's where someone just has the credit available to use (usually from a house or business), but doesn't take out the money until they need it.
Lines of credit never made a lot if sense to me. The rates are usually high and repayment periods short. Even credit cards usually have better terms.
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