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Pierre has borrowed money over the years to buy cars and once to buy a grand piano. He has always paid on time as required.
Pierre has borrowed money over the years to buy cars and once to buy a grand
piano. He has always paid on time as required. He also makes his credit cards
payments faithfully, if not in full, then at least the minimum required payment and he
makes these payments on time. He recently bought a condo and is now considering
getting credit from his bank since his credit rating is good and he would be able to
save interest when he needs extra funds from time to time. Which type would suit
him best?
a Unsecured personal line of credit
b Home equity line of credit
c Overdraft protection
d Use the cash advance feature on his credit card
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