01-28-2013 02:53 PM
01-28-2013 03:02 PM
What's a LOC and what difference is it from a credit card? is it similar to getting a personal loan from the bank?
Yes you are correct LOC is Personal Line of Credit; like a credit card, but you use it by writing checks.
01-28-2013 10:59 PM
It is like a personal loan or a cash advance without a fee, you just have your limit and your APR that is it. And you pay it monthly like a credit card if you use it...