A safety line of credit is a specific, unsecured, open-end loan2. You can use the funds however, whenever and for whatever you need as long as you do not exceed the approved line of credit.
Home improvement projects and debt consolidations are the most common use for a safety line of credit. Other options include emergency situations, tax bills, overdraft protection or a business opportunity.
1$0 in fees
2Variable Loan rates are based on the Prime Rate as reported in The Wall Street Journal, “plus” a margin between 4.24% and 14.24% which will be determined by applicant’s credit history. Annual Percentage Rate subject to increase after consummation.