Exactly what are Open ended Credit lines?

Open ended credit lines try preapproved money between your bank and you will debtor. Unlike finding you to definitely lump sum of money shortly after approval, a debtor having an open ended line of credit is actually complex a primary draw off their existing range and will from time to time mark using their credit line over time to a particular limitation, without the need to re-apply. Individuals have the effect of and come up with at least unexpected fee from inside the for every charging stage, just like a credit card. 繼續閱讀 Exactly what are Open ended Credit lines?