A line of credit is a loan that works like a credit card: You borrow only as much as you need and pay interest only on what you use. Many, or all, of the products featured on this page are from our ...

Personal loans are best for one-time, set expenses. Personal lines of credit are best for projects or purchases that require flexibility. Both options offer lower average rates than credit cards for ...

Meredith Mangan is a senior editor and expert on personal loans. Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned ...

Personal loans and personal lines of credit are both helpful tools to cover large expenses. These financing options have similar benefits, like no collateral requirements and low rates for ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Personal loans and personal lines of credit are both helpful tools to cover large expenses. These financing options have similar benefits, like no collateral requirements and low rates for ...

A personal line of credit is a flexible loan from a bank or financial institution that allows an individual to draw funds up to a maximum limit, much like a credit card. It offers a ready source of ...

Learn the differences between business loans and lines of credit.