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Line of credit
A line of credit can provide you with just the amount of financial flexibility you need to handle those unexpected circumstances in life. It works much the same as a credit card account, except you may enjoy a substantially lower interest rate, saving you hundreds or even thousands of dollars in interest.
A line of credit is often used to pay for a vacation, college education, or home renovations. It can also be set aside to be used solely for the things that happen in life that we have no control over. Having a line of credit available to your family can provide a greater sense of security and peace of mind.
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