Hi Everyone,
I have read the bank websites. And spoken to people at the banks. But still don't see why people use LOC. Can someone please tell m the advantage of LOC over a normal loan? I beileve that you have to pay the credit back, right?
And how long do you have to have a loan for before they will do a vaulation and give you a LOC?
Thanks in advance
I have read the bank websites. And spoken to people at the banks. But still don't see why people use LOC. Can someone please tell m the advantage of LOC over a normal loan? I beileve that you have to pay the credit back, right?
And how long do you have to have a loan for before they will do a vaulation and give you a LOC?
Thanks in advance