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How much can I borrow with a Personal Line of Credit?
Though Personal Lines of Credit offer some flexibility, there are some guidelines: Loan amounts: The maximum amount offered depends on the lender, but Lines of Credit typically run between $1,000 and $25,000.
What’s the difference between a Personal Loan and a Line of Credit?
A Personal Loan gives you a set amount of money upfront that you pay back in fixed monthly payments over time. A Personal Line of Credit works more like a credit card—you can take out money as needed and pay it back on your own schedule, with a variable interest rate.