Best Personal Lines of Credit

Reviews and Comparisons

A personal line of credit is similar to a credit card but accessed through bank transfers or checks.  The borrower can use up to the limit and then make repayments, general each month toward the balance.



Personal Line of Credit Common Questions

See some common questions and answers below

  • What is a Personal Line of Credit?

    Personal lines of credit are open ended loans with a set limit. The borrower can use up to the limit and then make repayments, general each month toward the balance. You are only charged interest if you use the line of credit.

  • How Can a Personal Line of Credit Help?

    Personal lines of credit are particularly useful for people with irregular incomes or for long term projects with variable costs.


  • Who Should Get a Personal Line of Credit?

    Because personal lines of credit can have higher interest than credit cards, always take time to comparison shop. There are some excellent lines of credit that may be more useful and cheaper than using a credit card.


  • How Much Does a Personal Line of Credit Cost?

    Personal lines of credit usually have a monthly/annual fee to have the line open, whether you use the line or not. Other than that fee, your cost depends on the size of the line of credit, how much you borrow against it, and your interest rate.


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