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  • 14-01-2021
  • Mathematics
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What is a secure line of credit?

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faryala852
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  • 14-01-2021

Answer:

A secured line of credit means you're promising an asset like real estate or a savings account as collateral in case you don't pay back what you owe. With an unsecured line of credit, you don't have to put down an asset as collateral to secure the loan.

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