Sentences with phrase «loc account»

In math, the reason I say 1k down because the original LOC account is 3k.

Do I have to refinance the car first to pay the money from my LOC account towards principal.

So, I guess my first step is to go to a local bank and get a LOC account.

When you get your paychecks or whatever money you earn, instead of putting it in your checking or savings account, put it into the LOC account.

Not exact matches

Small LOCs (under $ 100,000) can operate like a credit card account, with advances made by using a credit card tied to the line of credit or by writing checks issued for the account.

You can use your LOC up to your loan limit to cover your transactions if you do not have funds in your checking account.

Many banks also offer unsecured LOCs on a checking account which they sometimes call «overdraft protection».

Before taking into account the positive free cash flow generated between October 2009 and March 2011, the Company is levered through its LOC at less than 1.5 x its run - rate EBITDA.

Link your Line of Credit (LOC) with your Business Checking account and let your idle balances work for you!

The LOC Sweep automatically sweeps excess funds from a checking account to pay down a LOC, minimizing borrowing and interest expenses.

The LOC will also sweep to the checking account, based on a desired peg balance, improving cash flow, and reducing overdrafts.

With all the numbers I've run using Homerun's version of the SM, I'm mortgage free in 7 years and my investment account with Homerun will be equal to my outstanding LOC in the 8th year, and the payouts moving forward, accounting for inflation and CGs, mean I'm clear title between my 9th and 10th year (if I want to cash out entirely).

There are many Canadians who do not have any balance on their Line of Credit (LoC) account.

Small LOCs (under $ 100,000) can operate like a credit card account, with advances made by using a credit card tied to the line of credit or by writing checks issued for the account.

If I were to apply my paycheck to the LOC and then transfer enough money back to a chequing account to pay monthly expenses, would my money not be working for me the same way?

(There is some risk banks won't always extend a larger LOC, but as your balance sheet grows this becomes a smaller and smaller risk) Additionally, if you have a 30 year am and have an extra couple hundred bucks in cash flow each month, that extra cash flow (by itself) is not easily converted into real estate that will get you 15 % returns... it takes time for that extra cash flow to grow large enough to take down that next deal which will provide 15 % returns or more, so it likely sits in a bank account earning negligible interest until it is large enough to take down the next deal.

I have several business LOCs and trying to figure out if it is possible to move the business LOC into a checking account of some sort and have just one LOC instead of several?

You mentioned that you should move a LOC into your checking account... How is this possible?

You will then use the LOC acct like a checking account.

If yuo don't know, the basic concept is to use a line of credit from the bank and use it like a checking account so you put yout income into it but get a LOC for like $ 10k, add in your income for that month, and use the $ 10k to pay the principal, and then pay your other expenses from that account and as long as you are spending less than what is going in, you build that LOC back up again so you are able to pay back the $ 10k LOC and then use it again to pay toward the principal.