Tag Archive | "Personal"

How does the interest work on a “personal line of credit?”?


Question by Russell: How does the interest work on a “personal line of credit?”?
If you are approved for a “personal line of credit” from a bank or somewhere else, how does the interest rate work? Is the rate fixed or can it go up and down?

Best answer:

Answer by MVD34
Most of the time it is variable — it goes up and down: monthly, quarterly, yearly…

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Personal credit score is to “FICO” as Business credit score is to What?


Question by Andrew D: Personal credit score is to “FICO” as Business credit score is to What?
I have heard it before and I can’t remember what it’s called. It’s on the tip of my tongue…

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