Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

A line of credit is kind of like a credit card. You have a set amount you can borrow, and interest doesn't begin to accrue until you start using the credit. And when you pay back the loan, your credit ...

Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules about how much credit is available to the borrower and how they have to ...

When individuals or businesses need to borrow money, they typically go to a bank for a loan or line of credit. Before going, however, knowing the difference between the two is important. With a loan, ...