Using this loan facility, you may borrow money from the lending
institution up to a credit limit and promise to repay them back over a certain grace period or payment - due date.
These credit cards are designed specifically for the medical and dental industry to be used for any medical or dental
procedure up to the credit limit on the card.
Since state HFA bridge loans are typically allowed for as much of the downpayment as possible (
up to the credit limit of $ 8,000), your client's best bet is to start with the state HFA.
Don't charge all the
way up to your credit limit — with revolving credit, such as a store card or other credit card, try and keep what you owe to 1/3 or less of your line of credit
revolving credit [top] An account that requires at least a specified minimum payment each month plus a service charge on the balance, which can
fluctuate up to the credit limit.
As an example, it would be OK to use your card to buy a computer if you want and need one, but it will not be reasonable to buy a certain one that is worth
almost up to your credit limit if you can find a less expensive one.
A secured credit card is very similar to a prepaid debit card as you can only spend
up to the credit limit before future transactions will be denied, but a credit card reports the monthly activity to the three major credit bureaus.
Dear Vikas, I just received an SMS from my bank (general message) which reads as below; «Dear Custormer, please note that cash deposits to your Credit card or Loan account (s), over Rs 50,000 will only be
accepted up to the credit limit or outstanding amount of the card or the loan.
If you don't have the means to pay off the full
balance up to the credit limit, with fees and penalty interest rates, the answer to co-signing is always «no.»
The goal of a credit card is as follows: a bank issues you a line of credit (also known as the card's credit limit) and you are allowed to use the card to finance various
expenditures up to the credit limit.
That means you can access
money up to your credit limit whenever and as often as you wish, repay the amount under flexible terms and borrow money that you've paid back as many times as you'd like.
I think these consolidation loans are best when paying off credit card debt (as in your examples) but it's more likely that debt was accrued through
spending up to a credit limit on random items than on large purchases.
Unsecured credit cards are «regular» credit cards that don't require you to deposit any cash with the bank as collateral against unpaid debt: you're allowed to make
purchases up to your credit limit, and can pay for your purchases over time — although you'll typically pay high interest rates on any purchases you don't pay off in full each month.
You continue to owe money, and you can keep adding new purchases —
up to your credit limit.
A line of credit is a type of loan that allows you to draw money as you need
it up to your credit limit.
This means you can borrow against it again if you need to, and you can borrow as little or as much as you need throughout your draw period (typically10 years)
up to the credit limit you establish at closing.
This is a revolving account, meaning you can reborrow money you've paid back,
up to the credit limit.
Once accepted, use the card for everything you buy; replacing all credit card, debit card, cheque and cash spending
up to the credit limit — though never withdraw cash as you're charged interest.
As long as you pay the interest on the account or the minimum payment, you can continue to charge to this account,
up to the credit limit, without ever paying off the original debt.
If you're approved for a HELOC you can usually spend the funds however you want (
up to the credit limit) using special checks or a credit card.
HELOCs have a drawing period, in which you're allowed to use funds as needed,
up to your credit limit.
Lines of credit are highly flexible - you may borrow
up to your credit limit and pay the balance at any time.