Secure Unlimited Growth Potential Line of Credit Secrets

Types of Lines of Credit

There are several types of lines of credit to consider:

• Personal Line of Credit: Typically unsecured and based on your creditworthiness, used for personal expenses.
• Business Line of Credit: Designed for business expenses, offering higher limits and often requiring collateral.
• Home Equity Line of Credit (HELOC): Secured by the equity in your home and often used for home improvements or large expenses.