Personal Line of Credit

What is a Personal Line of Credit?

A personal line of credit is a type of financing that allows you to withdraw money as you need it up to your limit.

How Does a Personal Line of Credit Work?

With a line of credit you’are provided a cash limit to how much you can borrow. With a personal line of credit you may withdraw as much or as little as you need up to your limit.

Things to also keep in mind when applying for a Personal Line of Credit:

• Interest rates can vary
• No hard credit checks
• No collateral required
• Fees vary by lender
• Personal Line of Credit Interest Rates

With lines of credit, you only pay interest on the money you borrow, which makes it a good option but keep in mind you want one that has a fixed rate. Some lenders have variable which means the rate can go up and down and change your payment.

How Can You Use a Personal line of Credit?

With an instant line of credit you can use it for many things. Some of the most popular items are:

• Car repairs
• Home Fixes
• Medical Bills
• Moving expense Weddings

What Types of Personal Line of Credit do Lenders offer?

Lenders offer two types secured which means you have to put up collateral like a car, home, or boat. Then there is unsecured where there is no collateral required.

When you apply for a personal line of credit through our site means there is no hard credit check which means there is no affect to your credit score by applying and there is no collateral required which means our lenders are unsecured personal line of credit.

How do you get a Personal line of credit?

1. First click the apply now button in the sidebar
2. Second enter your application with your basic information and submit it.
3. From there you will get an instant decision in under 90 seconds
4. Get approved and your personal line of credit will be ready to use as soon as the next business day.