A personal line of credit is a “renewable” amount of money you can borrow from the bank. When you pay off the money you’ve borrowed, you can borrow it again. Whereas, a personal loan is a one-time ...

If you’re a small business owner, you already know how critical it is to maintain smooth cash flow. Whether it’s handling unexpected expenses, funding a new project, or preparing for seasonal ...

All credit cards are a type of line of credit, but not all lines of credit function as credit cards. They differ in how you access funds, repayment terms and APR. Find Out: 5 Subtly Genius Moves All ...

A business line of credit (LOC) can provide financing for larger business expenses but could be more difficult to qualify for than a business credit card. An LOC offers financing for a defined draw ...

#MakeItMakeSense is a series from the Star that breaks down personal finance questions to help young Canadians gain more confidence and understanding around financial literacy. No matter what ...

The last cabinet door pulls are installed and the final lick of paint is on the wall. Now it’s just time to figure out exactly how you will pay for your home’s swishy new renovation. It is a decision ...

Line of credit payments and other non-mortgage debt are factored into mortgage affordability calculations. Here's what you need to know before filing your mortgage application. Prospective house ...

Q: My truck is currently in the shop for repairs but they’ve told me it’s not worth fixing. I’ve got some money for a down payment on a used one but instead of going through the whole application ...