Credit Lines

Have you ever dreamed of being your own "banker"? Have you dreamed of having money available to you whenever you need it? A line of credit can make this dream a reality.

A credit line (or line of credit) provides you with funds that you can use for just about any purpose.

A credit line differs from a loan in that you are approved for an amount (called a credit limit) - but you can access that limit anytime.

Each month you are only obligated to repay the interest owed, if any, that has accumulated. You may pay off the principal in full, without penalty, at any time.

A line of credit can be a great tool to use to consolidate debt and make your credit obligations less expensive and easier to manage.

Unsecured Line of Credit

An unsecured line of credit is a simple loan without collateral security.

Secured Line of Credit

A secured line of credit uses collateral (such as a vehicle) as security, thereby securing you a lower interest rate.

Home Equity Line of Credit

A home equity line of credit or MeritLine™ allows you to use the equity in your home to secure our most affordable line of credit.