Was offered a line of credit from TD
Hey all,
I was recently offered a non secured line of credit from TD and wanted some opinion
* the rate I was offered was prime + 3%, 30k
* I have no immediate need for it anytime soon
* working full time, computer profession
* currently rent, and looking into buying a place (will apply for mortgage)
I am wondering:
* Is this a good rate for a unsecured loc?
* I did some reading and some recommended getting credit when you're offered (v.s. when you need it)
* I see people using it as a free checking account, but are there any added benefits for having it ?
What are your opinions ?
thanks !
I was recently offered a non secured line of credit from TD and wanted some opinion
* the rate I was offered was prime + 3%, 30k
* I have no immediate need for it anytime soon
* working full time, computer profession
* currently rent, and looking into buying a place (will apply for mortgage)
I am wondering:
* Is this a good rate for a unsecured loc?
* I did some reading and some recommended getting credit when you're offered (v.s. when you need it)
* I see people using it as a free checking account, but are there any added benefits for having it ?
What are your opinions ?
thanks !