What do the three major forms of open (non-credit card) credit have in common? Check all that apply. They provide funds that are easy to spend unwisely. They are helpful in emergencies. They require collateral. They have potential tax advantages. Knowing how revolving lines of credit work will help you to make informed decisions about using them. Answer the following questions about the various options available through revolving credit lines. using overdraft protection without getting into trouble with it requires . Remember that the funds used for the protection are . As such, there a fee attached to using the funds. Ask yourself if the accumulating fees are really worth your overdrafts, for many of which you may have forgotten the original use. Using an unsecured line of credit can help you that a big danger is that once approved, obtaining cash advances is Remember . The debt created can An advantage of using a home equity line of credit is and have the cash flow necessary to make the payments. You A big danger is that you lose your house