$50000 Unsecured PenFed Credit Union Line Of credit (what is a line of credit and how does it work)
3WayFunding 3WayFunding
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 Published On Premiered Sep 20, 2023

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Video Summary:

Hey, Houston here. If you're looking to get a loan from PenFed, I have some advice for you. While PenFed offers good interest rates on their loans, I recommend considering two other options instead of a personal loan. One option is a personal line of credit, which allows you to borrow money, use it, pay it down, and borrow again. This gives you continuous access to your funds. Another option is to look for financial institutions that offer large lines of credit. I have found a few that offer up to $100,000.

PenFed also offers a great credit card option called the Gold Visa. It has no interest on balance transfers and purchases for 15 months, making it ideal for getting ahead and paying off debt. You can even use this card to pay your bills, utilities, car insurance, and subscriptions, minimizing your other bills.

If you're interested in other options, I recommend checking out Andrews Federal Credit Union, Regions Bank, A-Lion, and Connect Credit Union. Each of these institutions offers personal lines of credit or loans with varying interest rates and credit requirements. Fifth Third Bank also offers unsecured lines of credit up to $100,000.

For more information on business or personal credit funding, feel free to schedule a one-on-one consultation with me. Thanks for watching!

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