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Tag: Credit Line

Credit Card Skimming

Credit Card Skimming

With time our payment methods which were once used only to be in cash have now changed drastically with the onset of the twenty-first century into the cashless method. India has also adopted the cashless economy especially following the demonetization specifically due to two reasons, one being to stop black money from layering in the system and secondly for safety, as having a lot of physical cash is not safe in all parts of the country. It carries the risk…

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Credit Line

Credit Line

The credit line, also known as the┬áLine of Credit (LOC) is a type of standing loan, which entitles an individual entity, organization, or business to borrow money and thereafter repay it. Once the borrower repays the outstanding amount, they can continue borrowing money without applying for a new loan whatsoever. Credit line does a huge favor to those experiencing monetary deficit and makes it possible for them to continue their business, or complete a project, or fulfill their personal needs….

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