UNDERSTANDING LINES OF CREDIT DR. TERESA R. MARTIN
Understanding
Lines of Credit
By Dr. Teresa R. Martin
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here are many different ways to borrow money. You can go to a bank for various types of loans.
You may choose to use pawnshops or payday loans. Credit cards are another idea. You can even
borrow money from friends or family.
Another option is a line of credit. While lines of credit have been popular with businesses, they haven’t been
widely used by individuals. This is primarily because banks aren’t advertising them, and most borrowers lack
the knowledge to inquire.