Unsecured Personal Line of Credit
A big-5 bank offered me an unsecured Personal Line of Credit and tells me I'm 'pre-approved'.
$15,000 @ 7.2%
Is this a good rate?
My understanding is that there will be no credit-check involved.
Perhaps good just to have as an emergency source of funds?
Do people normally just accept pre-approved LOC's that are so offered?
$15,000 @ 7.2%
Is this a good rate?
My understanding is that there will be no credit-check involved.
Perhaps good just to have as an emergency source of funds?
Do people normally just accept pre-approved LOC's that are so offered?