What is another word for personal line of credit?
Pronunciation:
[ pˈɜːsənə͡l lˈa͡ɪn ɒv kɹˈɛdɪt], [ pˈɜːsənəl lˈaɪn ɒv kɹˈɛdɪt], [ p_ˈɜː_s_ə_n_əl l_ˈaɪ_n ɒ_v k_ɹ_ˈɛ_d_ɪ_t]
Related words: classic line of credit, secured line of credit, unsecured line of credit, revolving line of credit, best line of credit rates, what is a personal line of credit, secured personal line of credit, unsecured personal line of credit, top 10 personal line of credit
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Similar words for personal line of credit:
Synonyms for Personal line of credit:
n.
• bank line (noun) • credit line (noun) • Other relevant words: (noun) • personal credit line (noun) • personal line of credit (noun)- line.
How to use "Personal line of credit" in context?
A personal line of credit (PLC) is a type of credit card where a borrower has a set limit on the amount of money they can borrow, typically $25,000 to $50,000. Unlike a commercial line of credit, which is available to businesses, a PLC is available to individuals. Borrowers can borrow money against the security of their home, car, or other assets.
With a PLC, borrowers can take advantage of low interest rates and use the credit line to purchase things they could not afford with a traditional credit card, like a new car, a down payment for a house, or tuition payments.
Word of the Day
- Synonyms:
- Improvisatory.
Nearby words
- personal journal
- Personal Judgement
- personal judgment
- personal letter
- personal line credit
- Personal line of credit
- -percent-wheat
- P
- p and q
- p i
- p i s
