All Topics / The Treasure Chest / LOC?

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  • Profile photo of FNQ2002FNQ2002
    Member
    @fnq2002
    Join Date: 2003
    Post Count: 4
    March 7, 2003 - 3:51 pm

    I’ve seen people in this group refer to LOC and guess these are Letters of credit – would someone please explain how they work?

    Thanks,

    Profile photo of The DIY Dog WashThe DIY Dog Wash
    Member
    @the-diy-dog-wash
    Join Date: 2003
    Post Count: 696
    March 8, 2003 - 12:57 am

    Hi FNQ2002

    LOC stands for Line of credit, and when I started using this site a few people told me to use the search facility in this forum as many topics are discussed frequently and you can learn a lot by reading back through these discussions.

    So go to the search engine and type in LOC or line of credit and see how you go.

    Cheers
    Leigh K

    “If you will take on your self-doubt and laziness, you will find the door to your freedom.”
    -Robert Kiyosaki

    Profile photo of FNQ2002FNQ2002
    Member
    @fnq2002
    Join Date: 2003
    Post Count: 4
    March 8, 2003 - 3:05 am

    Thanks for that – I’ll do some searching around [:)]

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763
    March 8, 2003 - 7:01 am

    Hi,

    FNQ… Far North Queensland?

    Anyway, some good resources for you:

    ANZ bank discussion of Lines of Credit (LOC)

    US site that explains the concept nicely.

    Bye,

    Steve McKnight

    **********
    Remember that success comes from doing things differently.
    **********

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

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