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Every individual has a line of credit. This line of credit is what determines your credit score and what will be used to approve or deny you credit cards or loans.

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These funds last 5 years have limited use and cannot pay for new obligations

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Q: What does it mean for an individual to have a personal line of credit?
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Related questions

In a credit report what do individual ratings of 19 09 or R9 mean?

These are charged off accounts: Installment Loan, Open loan that is paid in full each month, and Revolving Line of Credit.


What does bank credit mean?

Bank credit has two meanings, depending on the context. (1) If you have a financial account (e.g., checking, credit card, etc.), the bank might credit that account for some reason (e.g., refund a fee). The transaction line associated with that action will likely state "bank credit." (2) The more general meeting is when a financial institution extends credit to an individual or company through a credit card, loan or line of credit.


In the banking industry what does loc mean?

Line of Credit


What does a religious believer mean by personal conviction?

A personal conviction is your personal belief.


Do personal debts of family members affect credit ratings?

No, if it is a personal loan. Still, think of it this way, a poor credit rating with your family could be worse (you know what I mean).


What does accounts mean?

A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.


What Does Cash Credit Line Availability Mean?

It's the amount of credit on your credit card that is currently available for you to use for cash advance transactions.


What does it mean when a credit inquiry says open?

It means that the credit line described is still open and available for use.


What does dormant accounts mean?

A dormant account is some sort of account or credit line that is open, but inactive. For instance, I have an equity line of credit with a zero balance. It is dormant.


What does it mean says NE beside your credit hours?

The NE next to on your credit report stands for new credit. The hour you received the credit is not listed on a credit report, just the date and where you opened the credit line.


Did the Egyptians see no personal connection between the gods and individual people?

if you mean ancient Egyptians, then yes. the ancient Egyptians did not see any personal connection between the individual and the gods


What does Rachat de credit mean in English?

Rachat de credit is the Romanian term for, credit or loans. Someone can search the term Rachat de credit and find out that it involves business or personal credit or loans terms.