Line of Credit

If you're like most people, there are times when you need a little extra money. Now there's an easy and economical alternative to personal loans and credit cards. With a Line of Credit you apply only once to arrange a revolving line of credit. It may be secured or unsecured and once it's approved you can use it as often as you like, withdrawing any amount up to your approved credit limit. Interest is charged only on the amount you use. You will receive a comprehensive statement reflecting your account activity and interest rate charges. If your Line of Credit is unsecured your repayment is 3% of the outstanding balance or $50, whichever is greater. If you have a secured Line of Credit account, pay only the interest if you choose.