Elizabeth7173
Elizabeth7173 Elizabeth7173
  • 24-05-2019
  • Arts
contestada

how is a line of credit simmilar to a credit card​

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jack17espinoza
jack17espinoza jack17espinoza
  • 24-05-2019

Answer:

With a regular loan, you're issued a certain amount of money, and charged interest on that amount until you repay the loan in full. A line of credit however, provides you with a credit limit (similar to a credit card) that you can borrow from, while only paying interest on the amount you use.

Explanation:

well basically the answer is also the explanation

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