45,824 views
28 votes
28 votes
What is an unsecured line of credit?

User Marven
by
2.9k points

2 Answers

13 votes
13 votes

Answer:A-

A line of credit which does not require collateral

Explanation:

User Deng
by
2.9k points
17 votes
17 votes

An Unsecured Line of Credit is a variable rate credit product that allows you access to funds as you need them. As you repay your outstanding balance, the amount of available credit is replenished and made available for future use. Qualifying is simple.1 You do not need to use your home or other personal assets as collateral. An Unsecured Line of Credit provides peace of mind because you’ll always have immediate access to funds as needed.

User Javier Vidal
by
3.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.