What Is a Personal Line of Credit? A personal line of credit is a flexible loan option that allows you to borrow money up to a predetermined limit. This type of loan is unsecured, meaning it does not ...

When you need to borrow money, you have a few different options, including personal loans and lines of credit. A personal line of credit is an open-ended loan that lets you access money when you need ...

Lines of credit and credit cards are both forms of revolving credit. You can expect more flexible payment terms with a line of credit, while credit cards tend to offer greater convenience and rewards.