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How is a line of credit different from a loan?

How is a line of credit different from a loan?
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How is a line of credit different from a loan?

User JibW
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A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan simply by writing a check. you are also able to borrow any part of your credit line again once you have paid it off.
User Axiac
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