Line of credit for floodings

Line of credit for flooding

Underwater car on Wilson Ave. in Toronto

Emergency funds are one example of good use of a line of credit.

In the link to the video below we have an example of unpredictable events against which we should keep monetary provisions like a line of credit.

Recuperating from this losses is easier when having already an open equity line of credit when you only pay interests on the borrowed amount “when” you need them and at rates that are a lot lower than credit cards.

Be smart!, Set up now a line of credit even if you have a low credit score and you are prepared for contingencies that may occur in the future!