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A line of credit is like a credit card but it doesn’t take up space in your wallet. Once you’re approved for the loan you’ll have immediate access to the funds any time you need them – today, tomorrow, or any time in the future. As you borrow and repay the principal, the available credit replenishes and you can borrow again.
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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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