Sentences with phrase «limit of the line of credit»

Up to the limit of the line of credit you can withdraw as much money as you need and repay it in the terms you choose.

Then borrowers can either withdraw all money at once or make several withdrawals until the limit of the line of credit.

Not exact matches

For example, if you've maxed out your credit limit of $ 40,000 across your credit cards and line of credit loans, then you have nothing protecting you in case of an emergency.

Three months of timely payments wins the business a higher limit and a revolving line of credit.

The couple — she was a social worker, he was an engineer — took out a second mortgage to set up a brewing operation and made liberal use of several $ 10,000 - limit credit lines.

A line of credit is similar to a credit card in that you can borrow from it again and again (up to your limit) as you pay down or pay off the balance.

BlueVine, a provider of working capital financing to small and medium - sized businesses, also said it is raising its business line of credit limit to $ 250,000.

All or part of the credit line can be accessed at any given time up to the fixed limit, repaid, and used again.

With growing revenue and a year of business, a line of credit offers flexible spending and higher credit limits than business credit cards.

With a personal line of credit, you're approved for a set amount, similar to a credit limit.

With growing revenue, a line of credit offers flexible spending and higher credit limits than business credit cards.

With growing revenue and two years in business, a line of credit offers flexible spending and higher credit limits than business credit cards.

While credit limits tend to be smaller than a line of credit, a business credit card may offer rewards, such as cash back or travel points.

In other words, the line of credit can be used up to the approved spending limit, repaid, and used again.

Like a credit card, a HELOC is a revolving line of credit — you have a set credit limit against which you can borrow.

For example, if you have two credit cards with a $ 500 limit each and no other revolving lines of credit, then you have a total limit of $ 1,000.

Compared to business lines of credit, credit limits on business credit cards are also generally lower and interest rates are generally higher (especially on cash advances).

Of course the banks already cap the size of their customers» credit lines to limit default risk, and charge additional fees when they allow customers to take (limited) cash advanceOf course the banks already cap the size of their customers» credit lines to limit default risk, and charge additional fees when they allow customers to take (limited) cash advanceof their customers» credit lines to limit default risk, and charge additional fees when they allow customers to take (limited) cash advances.

But, if you decided to close a line of credit with a limit of $ 6,000, your ratio will be raised up to 50 %.

Every line of credit has a credit limit, which is the maximum amount you can have withdrawn at any given time.

A line of credit works similar to a credit card, giving you a specified credit limit to use how you like.

Try to increase your credit line which will in turn improve your credit utilization ratio (percentage of your credit limit that you have used) which will in turn help improve your score.

Business credit cards are a popular choice among entrepreneurs who have limited business history and don't qualify for lower cost financing, such as bank lines of credit.

Business credit cards are a popular choice among entrepreneurs who have limited business history and don't qualify for lower - cost financing, such as bank lines of credit.

There should also be a gradual shift towards raising the basic state pension in line with earnings, and, while he would maintain the pensioner's credit, he would freeze the maximum level of payments to limit means - testing as much as possible.

I do nt have whey or cant buy anything on line because of credit limit (ooops, have been buying too much!)

The income limit for the tax credit scholarship recipients» families will be 300 percent of the federal poverty line, and a recipient can stay in the program if the family income rises to 400 percent.

In all cases, the principal amount of the requested credit assistance is limited to 49 percent of reasonably anticipated eligible project costs for a TIFIA secured loan or loan guarantee and 33 percent for a TIFIA standby line of credit.

It's also known as a credit limit, line of credit or spending limit.

Like the line of credit, a credit limit is established and funds can be borrowed whenever necessary.

Protection is limited to the available balance in an open line of credit.

Every line of credit has a credit limit, which is the maximum amount you can have withdrawn at any given time.

The line of credit loan, our most popular personal loan, provides a credit limit you can borrow against at any time.

It's our largest line of credit, giving you the ability to access funds on an as - needed basis up to your credit limit.

Revolving debt utilization ratio — compares the current total balances to the cumulative credit limits on revolving accounts (credit cards, home equity line of credit, etc.).

A credit card gives you access to a revolving line of credit, meaning you can use as much as the card limit, pay the money back and borrow it again.

If you elect our premium overdraft service, you will not be charged an NSF or overdraft fee unless payment of the item would cause you to exceed your credit limit on your line of credit and / or the amount in your savings account.

An unsecured personal line of credit is a revolving credit account which allows you to draw funds up to a limit.

Many lenders set the credit limit on a home equity line by taking a percentage (say, 75 percent) of the appraised value of the home and subtracting the balance owed on the existing mortgage.

Like a credit card, you'll be able to borrow money against your line as often as needed as long as you don't exceed the limit on the line of credit you've been granted.

Most of the best credit cards affiliated with a particular company tend to make up for limited point redemption options by offering above average value; the Norwegian Cruise Line credit card does none of that.

Personal lines of credit can be issued for limits ranging from $ 1,000 to over $ 100,000.

The new line of credit you are issued sets the limit for how much of your balance you can transfer to it — typically banks will not issue credit limits larger than $ 15,000.

But in the case of revolving loans, you will need to establish a credit line up to a specific limit.

The lender provides the tightest APR range of any secured line of credit provider — between 6.25 % and 7.25 % — and allows you to renew your credit line annually, with no limits on the number of renewals.

Once this introductory rate home equity line of credit (HELOC) has been opened, the borrower (s) may not obtain this same product from us anytime within the next 24 month period unless the borrower reapplies and is approved for a credit limit that is higher than the original credit limit granted.

Generally, limits on personal lines of credit range between $ 1,500 and $ 100,000 but higher amounts can be obtained.

One of the biggest differences between the two types of cards is the lack of a preset spending limit with a charge card while a credit card has a distinct line of credit based on several factors.

Personal lines of credit, like credit cards and other forms of revolving credit, may negatively impact your credit score if you run up a high balance — usually around 30 % or more of your established line of credit limit.

Some lenders now offer Home Equity Lines of credit that allow you to obtain cash advances with a credit card or to write checks up to a certain credit limit.