Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

Whether you’re filing for the first time or have been around the tax return block, it’s easy to confuse tax credits and deductions. Although both can help lower your tax bill, the IRS describes a tax ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Pete Rathburn is a copy editor and fact-checker with expertise in ...

A line of credit is kind of like a credit card. You have a set amount you can borrow, and interest doesn't begin until you start using the credit. And when you pay back the loan, your credit line is ...

Letters of credit are legal instruments providing a financial guarantee. They assure a beneficiary that payments will be made or nonfinancial obligations performed by a seller or provider. Standby ...

Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules about how much credit is available to the borrower and how they have to ...

When individuals or businesses need to borrow money, they typically go to a bank for a loan or line of credit. Before going, however, knowing the difference between the two is important. With a loan, ...

A tradeline is an account that's listed on your credit report. Your credit score is calculated using the tradelines in your credit report. Review your credit reports often to make sure that all the ...

A line of credit is kind of like a credit card. You have a set amount you can borrow, and interest doesn't begin to accrue until you start using the credit. And when you pay back the loan, your credit ...