What is another word for personal line of credit?

7 synonyms found


[ 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]

A personal line of credit is a flexible financing option that allows borrowers to obtain funds when they need them. However, if you're searching for synonyms for the term, there are a few options. One common alternative is an unsecured line of credit, which doesn't require collateral to secure the loan. Another term is revolving credit, which allows borrowers to use funds as needed and make payments on the balance over time. Additionally, some people refer to a personal line of credit as a flexible credit line or open-end loan. Regardless of the term used, a personal line of credit provides an excellent source of financial flexibility when you need it.

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

Related questions:

  • What is a personal line of credit card?

    Synonyms for Personal line of credit:

    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.

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