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How is a line of credit simmilar to a credit card​

User Andersh
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Answer:

With a regular loan, you're issued a certain amount of money, and charged interest on that amount until you repay the loan in full. A line of credit however, provides you with a credit limit (similar to a credit card) that you can borrow from, while only paying interest on the amount you use.

Step-by-step explanation:

well basically the answer is also the explanation

User VeenarM
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