Loan Guide | |
| Loan Types | |
| Loan Providers | |
| Loans Calculator | |
| Loan Glossary | |
Loan Directory |
|
| Directory Home | |
| Scotland | |
| Ireland | |
| Wales | |
| England | |
| London | |
Get Interactive! |
|
| Submit A Review | |
| Ask a Question | |
| Answer a Question! | |
| Join Our Forum | |
Is a flexible loan like a credit card?
Answer:
Yes in some ways a flexible loan is like a credit card. The difference is that you do not have a card that you can use for purchases. You obtain the money from the flexible loan by writing a check on the account. For this reason, people who have a flexible loan generally use it for making larger purchases, such as buying furniture or taking a holiday.