Once you draw from the funds available, you'll start accruing interest on the borrowed amount. As you pay back what you borrowed, your available credit will increase. A line of credit can offer ...

Kim is a freelance contributor to Newsweek’s personal finance team. She began her career on the Bankrate copy desk in 2010, worked as a managing editor at Macmillan and went full-time freelance ...

A line of credit offers flexibility in the amount you borrow and repay, but it's important to manage the balance to avoid high interest costs. Is it easier to get approved for a personal loan or a ...

Like any business loan, there are costs to consider when taking out a business line of credit, including interest rates and fees, which can vary from lender to lender. To better understand a ...