Sentences with phrase «personal credit line»

Bottom line, never treat a credit card like it is your own personal credit line of free cash.

Depending on the purpose for which the line of credit loan is used, it can be classified as personal credit line or business credit line.

More recently, Upgrade launched a new, hybrid personal credit line product, merging the best of both credit cards and personal loans.

I had mixed feelings about the success of my argument to extend yet another card after they've already given me almost $ 50,000 total in personal credit lines (not to mention all the cards I have with other banks).

If, however, a borrower went through bankruptcy because of overextended personal credit lines from living beyond their means, that means quite a different thing.

Quartz lists «Elon Musk's other entanglements with SolarCity,» including using personal credit lines backed by his shares of stock to put money into both SolarCity and Tesla through stock purchases, having another Musk company, SpaceX, buy $ 255 million in bonds from SolarCity, and having two cousins also be major shareholders of SolarCity.

With an Upgrade Personal Credit Line, consumers can get approved for up to $ 50,000 and have the control to request an advance on the line when they need it, subject to credit approval.

If you have an Advancheck Overdraft Line of Credit, it will become a People's United Personal Credit Line and you will continue to be protected up to your currently available credit limit if you should overdraw the related checking account.

Under the terms and conditions of your new Personal Credit Line, your interest rate will remain the same as your current interest rate.

If, however, you went through bankruptcy because you overextended personal credit lines and lived beyond your means, it is unlikely the lender will readily give you a break.

A business owner using their personal credit line is responsible for the entirety of the debt load they create.

Like credit cards, personal credit lines are typically unsecured loans.

You only pay interest on the money used in your personal credit line, but your bank might charge a fee for this use.

The main risk with a personal credit line is that most lenders have a variable interest rate which means that you'll accrue interest at different rates depending on the market.

Personal Credit Lines are accessible by check.

Upgrade recently introduced its Personal Credit Line product, which will allow consumers to draw from it when needed.

Earlier this month, online lender Upgrade introduced its Personal Credit Line product.

Personal Credit Line will be made broadly available to consumers soon; those interested in applying or receiving updates can join a waitlist on Upgrade's website.

Laplanche said of the product, «We designed the Personal Credit Line to give consumers the two things they want most: the flexibility to access funds when they need them, and the predictability of a fixed rate and equal monthly payments.»

Any minimum monthly payment due for your Personal Credit Line will continue to be automatically deducted from your checking account, provided there are sufficient funds in the account.

The Personal Credit Line is a loan and you will be charged interest based on the amount of the line advanced to your checking account.

When you have an unexpected expense or just want to improve your credit profile, a personal loan or a personal credit line can let you borrow the money you need to meet your goals.

This will be especially true if any of the loans incurred were secured by personal assets, such as a home mortgage or personal credit lines.

A: Personal Credit Line is an entirely new product that's never been offered to consumers in its exact form before.

A personal credit line with no hassles and delays of a traditional loan.

Offered in partnership with leading banks, it is not just a personal loan, not just a credit card, but a personal credit line.

A personal credit line works like a revolving account where you can withdraw money, make monthly payments based on your convenience and spend the money again in a virtually never - ending cycle.

As a special treat for the Kirak Hyderabadies, MoneyTap is offering a personal credit line that works like a quick loan and also a credit card.

«We designed the Personal Credit Line to give consumers the two things they want most: the flexibility to access funds when they need them, and the predictability of a fixed rate and equal monthly payments.»

Unlike a home equity loan or home equity line of credit (HELOC), consumers can obtain approval for a Personal Credit Line in a matter of minutes and there is no need for collateral and an appraisal process.

Personal Credit Line will be made broadly available to consumers shortly; those interested in applying or receiving updates can join the waitlist here.

«Today consumers expect transparency and flexibility in their financial life and Upgrade is leading the charge with the Personal Credit Line,» said Micky Malka, Managing Partner at Ribbit Capital and Upgrade Board member.

A Personal Credit Line is useful to consumers planning for expenses over a period of time, such as a home improvement project or moving expenses or furnishing a new apartment.

Maintain multiple types of credit including a car loan, mortgage or personal credit line.

The change comes in the wake of an overhaul to most of Chase's business and personal credit lines, made throughout December.

If, however, you went through bankruptcy because you overextended personal credit lines and lived beyond your means, the lender probably will be less inclined to be flexible.