Keyword Analysis & Research: lines of credit

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What is a line of credit and how does it work?

A line of credit is a financing solution that allows a company to draw up to a predetermined amount of money. To get funds, you simply request a draw from the line. You can pay the line back at any time, which increases your funds availability.

How do you establish a line of credit?

Quick Summary. To establish credit, start by signing up for a secured credit card, where you give a certain amount of money to a credit issuer and they give you a line of credit. Then, once you have your secured credit card, make small, manageable purchases, but try to use less than 30% of your credit limit.

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