I dont own a home, and I was given a 20, 000 line credit by boa, is this a good thing?

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I think it is good that I have this availble cash, because i was able to pay off other debt, and keep the loc balance low. I s this unsecured loan good for people who dont own a home?

I dont own a home, and I was given a 20, 000 line credit by boa, is this a good thing?

I don't think any debt is good... You end up much better off to save your money and invest it in something like a mutual fund. Your money grows and you aren't slave to someone like Bank of America.

I dont own a home, and I was given a 20, 000 line credit by boa, is this a good thing?

The best thing is to never borrow money. Yes it means you have excellent credit to get approved for that amount but I would try not to use it.

I dont own a home, and I was given a 20, 000 line credit by boa, is this a good thing?

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