What is an unsecured line of credit?

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08-03-2022
Mathematics

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What is an unsecured line of credit?

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Clarkmar003idn Clarkmar003idn · Answer 1 · 2022-03-08T12:01:53-05:00

An Unsecured Line of Credit is a variable rate credit product that allows you access to funds as you need them. As you repay your outstanding balance, the amount of available credit is replenished and made available for future use. Qualifying is simple.1 You do not need to use your home or other personal assets as collateral. An Unsecured Line of Credit provides peace of mind because you’ll always have immediate access to funds as needed.

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