Linda - just wondering why you bumped this after two years?
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Credit Card or Line of Credit?
- Thread starter trouts mom
- Start Date
I didn't. It was on the first page of the forum. I thought it was new until you pointed out that it was a 2 year old thread.Originally Posted by WellingtonCats
Linda - just wondering why you bumped this after two years?
It was bumped by a spammer.Originally Posted by WellingtonCats
Linda - just wondering why you bumped this after two years?
Thank God for that! I thought I was losing my mind!
I believe a line of credit is the amount you can use on your credit card. You can not spend more than your line of credit allows.
Actually that would be your credit limit on the card. A line of credit is a whole different animal.
We have a line of credit from our bank for up to $75,000 so that if (and when) we decide to do some more renovations we have the monies available. Should we borrow from that line of credit all we are required to pay monthly is the interest. The principal can stay outstanding for years. The interest on the line of credit is also less than a loan from the bank.
Originally Posted by Natalie_ca
I didn't. It was on the first page of the forum. I thought it was new until you pointed out that it was a 2 year old thread.
Oh! Sorry Linda!
No apology neededOriginally Posted by WellingtonCats
Oh! Sorry Linda!
This is proving to be a popular thread again.
