How to manage your credit

A line of credit can act as a safety net in addition to your other savings in case of an emergency or unexpected expense.
It's also an excellent way to manage credit card debt. Consolidating your debt is one of the easiest and smartest ways to use your line of credit.
Simply pay off all your credit card balances with it, then make only one monthly payment. Credit and department store cards can charge 20% or more in interest compared to your line of credit's much lower variable rate. You'll save money every month in interest and the amount you pay is always flexible.
The amount of credit you are approved for is based on your full financial picture, including your collateral security, income, credit history and personal net worth.
Unsecured lines of credit don't require collateral; for larger amounts, many use the equity in their homes or other real estate holdings as collateral for secured LOCs.
Our team of experienced professionals are here to answer any questions you may have.