0
Newguest Posted 19 years ago
Legal Studies
loan/credit
What's the difference between these two? Do I take a loan from a bank or a credit?
thanks
thanks
Top answer
They are related. You take a loan from a bank. They extend you credit.
- They are related.
- You take a loan from a bank.
- They extend you credit.
- It's rather complicated though.
- You can have a line of credit, which works like a loan, in which you can borrow up to a certain amount, pay it back, borrow more, pay that back, etc.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
2 Answers
0
They are related. You take a loan from a bank. They extend you credit.
It's rather complicated though. You can have a line of credit, which works like a loan, in which you can borrow up to a certain amount, pay it back, borrow more, pay that back, etc. That can be useful if you have a series of expenses coming up and your income will not be coming at the same time as the expenses.
It's rather complicated though. You can have a line of credit, which works like a loan, in which you can borrow up to a certain amount, pay it back, borrow more, pay that back, etc. That can be useful if you have a series of expenses coming up and your income will not be coming at the same time as the expenses.
00
Related Questions