Making Cents of Lines of Credit

“Today Ascentra is Making Sense of Lines of Credit” A line of credit gives you a predetermined credit limit, from which you borrow as needed

They are great for short term borrowing A line of credit can cover unexpected or varying expenses, especially if you’re anticipating a paycheck, or a payment You may be able to manage your line of credit through online banking or mobile app Get flexibility and convenience by transferring the money you need to your checking account, then use the money borrowed with your debit card, or make a withdrawal at your credit union branch or ATM Some may be used as overdraft protection on your checking accounts, and can help you avoid overdraft fees

But just like a credit card, discipline is key Only borrow what you can pay off in a short amount of time Maxing out your line of credit could take a while to pay back, and may cost you more, compared to traditional loans or some credit cards If a Line of Credit sounds right for you, visit any Ascentra Loan Officer to learn more about this flexible financial product

Source: Youtube

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