What is an open line of credit?

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asked Sep 4, 2017 102k views

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Lornova · Answer 1 · 2017-09-10T23:33:40+0000

Most credit cards are open-end — they require the borrower to pay at least a minimum amount of the total owed each month,even as new charges are being added to the balance.

What is an open line of credit?

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