A personal line of credit is a revolving account that works like a credit card. Personal lines of credit are unsecured with variable rates that are typically much lower than credit card interest rates ...

Personal loans are best for one-time, fixed expenses, while personal lines of credit are best for ongoing financing needs or purchases that require flexibility. Both options offer lower average ...

It may be your year to renovate the basement or take a trip of a lifetime – even if your travel savings account isn’t quite where it needs to be. Or maybe you need cash for some big, unexpected and ...

Credit cards may be one of the most popular ways to make a purchase, but a line of credit could help you save money on interest and make it easier to handle your payments. Credit cards can be ...

Need the best interest rate? Want fixed payments or flexibility? Find out the differences between personal loans and lines of credits. In under 60 seconds, get matched with a personalized list of loan ...

#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 ...

Lines of credit and credit cards are both forms of revolving credit. You can expect more flexible payment terms with a line of credit, while credit cards tend to offer greater convenience and rewards.

When you want to borrow money from a bank for a personal purpose, you can choose from various credit products. These include a personal loan, line of credit, credit card, etc. In this article, we will ...

OTTAWA – You’ve spent hours picking the perfect tile, countertops and cabinets. You researched the best stoves, dishwashers and refrigerators. Your budget is set and your favourite contractor is ...

Question: I am in my final year of studies and have around $60,000 in student debt at around 5-per-cent interest rate. The loan is with the Alberta government and a small portion with the federal ...

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 ...