about Line of Credit

boy_ca

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2003-12-25
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今天接到TD bank打来电话,说我的banking不错,然后pre-proved了Line of Credit ,而且还给了我9000的limit。

我想问一下,这个Line of Credit 到底是什么?该怎么用啊?打电话的人说和credit card一样用,只是没有卡,但是interest更低,是吗?

还有,我现在只是学生。

谢谢!!!
 
it is essentially a type of loan

you can withdraw more money than your deposit
of course you will need to pay back later

its interest varies, but generally lower than credit cards
 
最初由 boy_ca 发布
今天接到TD bank打来电话,说我的banking不错,然后pre-proved了Line of Credit ,而且还给了我9000的limit。

我想问一下,这个Line of Credit 到底是什么?该怎么用啊?打电话的人说和credit card一样用,只是没有卡,但是interest更低,是吗?

还有,我现在只是学生。

谢谢!!!
Don't get it! You will use more than you have in your bank. You are taking loan from the bank and will pay for interest.
 
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