What is a credit limit?

Question

asked May 9, 2018 21.2k views

1 Answer

Charliepark · Answer 1 · 2018-05-13T18:03:21+0000

Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.

Hope this helps

What is a credit limit?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions