Line of Credit


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yourzz   
Member since: Sep 06
Posts: 1
Location:

Post ID: #PID Posted on: 08-09-06 22:35:33

hi everybdy
i've been living in canada for past two years. i have a credit card with cibc for more than one year. i was wondering if anybody can help me how to get a line of credit and which bank in better.

my family is coming to toronto next month and i might need some extra cash for initial expences since i have no savings at all at this point. any help regarding this matter much appriciated
regards



Pramod Chopra   
Member since: Sep 03
Posts: 1284
Location: Pickering, ON

Post ID: #PID Posted on: 08-09-06 22:47:30

Quote:
Originally posted by yourzz

hi everybdy
i've been living in canada for past two years. i have a credit card with cibc for more than one year. i was wondering if anybody can help me how to get a line of credit and which bank in better.

my family is coming to toronto next month and i might need some extra cash for initial expences since i have no savings at all at this point. any help regarding this matter much appriciated
regards




You should approach your own bank (the bank you have been banking with for the past 2 years and have credit card with them) and as they have your credit history, they would be the one to most likely approve you for personal line of credit at relatively better rate.



-----------------------------------------------------------------


Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada





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