Credit and Financing




Auto Loans

Auto Refinance

Motorcycle Loans

Personal Loans

Cash Advances

Payday Loans

Credit Cards

Reward Cards

Debit Cards

Debt Consolidation

SubPrime Loans

Military Loans

Home Mortgage

Home Refinance

Second Mortgage

Reverse Mortgages

Home Equity Loans

VA Home Loans

FHA Loans

Student Loans

Stafford Loans

Direct Loans

Business Loans

Line of Credit



Mortgage Rates

Interest Rates

Loan Calculators

Credit Report

Credit Repair

Line of Credit

The term "line of credit" refers to any credit source extended to
a business or consumer by a bank or other financial institution.
A line of credit may take several forms, such as, cash credit, overdraft credit, demand loan, export packing credit, term loan, discounting or purchase of commercial bills, etc.

It is like an account that can readily be tapped into if the need arises or not touched at all and saved for emergencies. Interest is only paid on the money actually taken out.

Lines of credit are typically extended by banks and other financial institutions to credit worthy customers as a convenient means to make purchases, or to overcome liquidity problems. A liine of credit can be either secured, as in a home equity line of credit, or unsecured, as in the credit limit on an unsecured credit card.

Cash credit

Cash credit is a short-term cash loan to a company. A bank provides this type of funding, but only after the required security is given to secure the loan. Once a security for repayment has been given, the business that receives the loan can continuously draw from the bank up to a certain specified amount.

Line of Credit Articles

What You Should Know About Home Equity Credit Lines

Lines of Credit vs Traditional Second Mortgage Loans

Home Equity Loans: The 3-Day Cancellation Rule

Home Equity Scams: Borrowers Beware!


Home Page
Custom Search
Site MapAdvertise With UsAbout Us

Legal Resource Center

Payless Insurance

Center For Debt

Tax Services

Financial Resource Center

  Our Privacy Policy © Copyright 2009 Gelinas Associates - All Rights Reserved