Line of Credit

RECENT NEWS
Channel News Asia  Nov 30  Comment 
WASHINGTON: The International Monetary Fund announced on Thursday (Nov 30) it has approved a new US$88 billion credit line for Mexico, replacing the existing line. The two-year flexible credit line boosts Mexico's ability to immediately deal with...
Forbes  Oct 30  Comment 
With a business line of credit, you pay interest only on the amount of money you use, not the entire credit limit. With a loan, interest accrues on a lump sum of money that is borrowed.
Motley Fool  Oct 5  Comment 
What to do to better your chances of increasing your credit limit.
The Hindu Business Line  Sep 4  Comment 
Prime Minister’s visit to Nay Pyi Taw begins today
Channel News Asia  Jul 12  Comment 
Crisis-hit Toshiba Corp has regained access to a crucial US$6 billion credit line after stumping up shares in its chip unit as collateral but its lenders have imposed tough conditions, banking sources with direct knowledge of the matter said.
Financial Times  Jul 7  Comment 
Legal dispute with Western Digital leads to unusual step on providing collateral
Motley Fool  Jul 3  Comment 
Get the pros and cons so you can make an informed, financially savvy decision.




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A line of credit is an arrangement wherein a lender extends a specified amount of unsecured credit to an individual for a specified period of time. It may be in the form of a cash credit, bank overdraft, demand loan etc. and is often given to customers with good credit history to overcome liquidity problems.

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