Many people turn to credit cards when financial fires need to be put out quickly. While credit cards can serve as a solid plan B, a Personal Line of Credit (PLOC) may be a better choice in certain situations. A PLOC can be used to consolidate debt, make home improvements, pay off higher-interest debts—even help you with unplanned rainy days. Understanding the opportunities PLOCs present can help you take full advantage of the services the credit union provides members. Benefits of PLOCs While some people find the convenience of credit cards in these situations alluring, there are distinct benefits that make PLOCs far preferable in the long-term. These are just a few of the benefits of PLOCs worth considering when exploring…
Why Personal Lines of Credit May Be the Best Choice
Many people turn to credit cards when financial fires need to be put out quickly. While credit cards can serve as a solid plan B, a Personal Line of Credit (PLOC) may be a better choice in certain situations. A PLOC can be used to consolidate debt, make home improvements, pay off higher-interest debts—even help you with unplanned rainy days. Understanding the opportunities PLOCs present can help you take full advantage of the services the credit union provides members. Benefits of PLOCs While some people find the convenience of credit cards in these situations alluring, there are distinct benefits that make PLOCs far preferable in the long-term. These are just a few of the benefits of PLOCs worth considering when exploring…