Final answer:
When approved for a Citizens Pay Line of Credit, the account generally stays open for a time, even if you do not complete a purchase. This differs from credit card transactions, which transfer funds immediately.
Step-by-step explanation:
When you are approved for a Citizens Pay Line of Credit, it implies you have been given a certain credit limit that you can use to make purchases.
If you decide not to complete the purchase process, typically, the account would remain open for a set period, allowing you to make a purchase within that timeframe. The specifics can vary by lender, and it's best to check the terms of your line of credit agreement or contact Citizens directly to confirm their policy on this matter.
It is important to note that this is different from using a credit card, which immediately transfers money from the company's checking account to the seller, and you owe the money at the end of the month. In contrast, a line of credit is a preset amount of money that you can borrow as needed and then repay over time.