Overdraft Line-of-Credit

With a line-of-credit loan, you are approved for a certain credit limit. This amount stands ready to assist you when you need it. You don't owe anything until you advance the loan. Then you only owe on the actual amount advanced (plus any interest that accrues). Overdraft Line-of-Credit is excellent protection for a rainy day and it is the best means of overdraft protection for your checking account.