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The line of credit is a credit source extended to a business or individual through a bank or maybe other financial institution. It is also the maximum credit that a customer is allowed.

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Q: In the world of banks what is a line of credit?
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What are credit line rates and where do they exist?

Credit line rates refer to credit scores, often of a business or individual. One can find a credit line rate by speaking to representatives of banks or financial experts, for example.


How does one get a personal line of credit?

A "personal line of credit" refers to an ongoing borrowing arrangement with a bank. Frequently, these loans are unsecured. One can apply for a personal line of credit from many banks, such as Wells Fargo.


Which popular banks offer a business line of credit?

There are a number of national banks that are popular and offer business lines of credit. Chase, Citibank, Bank of America, and Wells Fargo are all major national banks which offer business lines of credit.


Where can one find line of credit loans?

One can find line of credit loans through all major banks, including Wells Fargo, Chase, and Citibank. You can call all of these banks; however, most have on-line options, including a live chat.


What banks offer a home equity line of credit?

A home equity line of credit is found at nearly every bank and credit union. New England Bank, Peoples Bank, Bank of Niagara and just about all your local owned banks are good sources of this kind of loan.


What banks offer a personal line of credit?

Any lender will offer a personal (unsecured) line of credit to a credit-worthy (per the lender's standards) customer . A line of credit is not extended as a benefit of any one bank but rather is an earned privilege of financial responsibility.


Which bank offers the best rates for a business line of credit?

Business line of credit rates can vary considerably based on the region and industry that the business is in. However, Bank of America and Citibank often have the lowest business line of credit rates of the major national banks.


Which banks have favorable home equity lines of credit rates?

There are many banks that offer home equity lines of credit. Most banks base your line of credit based on one's credit score and total amount of equity in assets and employment. Some good examples are RBC, ScotiaBank, Bank of America, BMO, and TD Canada Trust.


How does a line of credit work?

A line of credit is basically a loan that you only draw on periodically as you need it. Lending institutions, such as banks, will open them for you or your business based on your credit worthiness and charge you interest on the outstanding balance. It doesn't usually cost anything to have a line of credit, but you will have to pay it back with interest once you draw on it.


Can a bank close your account after bankruptcy if you never bounced checks and have no line of credit with them?

No, the banks can not close your saving and checkings account. If you have credit card debts then yes they can close your credit cards.


Where are credit banks situated?

Credit banks hold the amount of credit available in the banking system. Credit banks are situated at different places; the actual situation of the credit bank depends on the bank itself.


Are there any wholesalers that offer business accounts in replacement of a credit card for a business?

Currently, there are many of your local area banks that will allow you to develop a line of credit. This line of credit is sort of like a loan, but is payable back in a shorter period of time.