credit line cash credit line?

Felicitas Phildor: I'm not completely sure about this

Lynn Mctier: I've been getting checks regularly from these guys with a low interest rate for 1 year (how conveeeenient!). I wonder if That applies to the new loan in its entirety or just whatever's left over from the first $2,250.Once upon a time, creditors and banks were actuall working with their customers and treating them with respect and dignity. I only use it now when I need to.

Ronny Nowzari: 1. The difference between Cash Credit and credit line/line of credit is as follows: A. Cash Credit: It is a running account in which a borrower can withdraw money and repay, within a limit a fixed by the bank. The bank charges interest on the basis of outstanding debit balance in the account at the end of each day. B. Credit Line/Line of Credit: i. A line of credit is an unsecured loan whereby a bank agrees to give a borrower access to a set amount of money that he can tap ! as needed....Banks extend lines of credit to businesses or individuals they deem to be good credit risks. The bank will give the borrower access to a certain amount of credit that can be used as needed. The borrower pays interest only on the funds that are used. If the credit line is never tapped, the borrower pays only a nominal fee charged to retain access to the line.http://www.ehow.com/about_6307888_definition-line-... ii. An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time period. also called line of credit. http://www.investorwords.com/1206/credit_line.html......Show more

Theresia Fashaw: challenging step. browse with the search engines. that will will help!