Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
Re: Looking for an LOC.... any suggestions?

USC08 wrote:
What is the difference between a "signature loan" and a "LOC"?

A signature loan is a one time loan. A line of credit is like a credit card, except cash. You can revolve a balance and pay it back. 

Here we go again...