Newguest  +  426684 Wed, 03 Oct 07 04:40 PM What's the difference between these two? Do I take a loan from a bank or a credit? thanks Newguest Joined on Sun, Feb 25 2007 Senior Member 2,098 Difference Between

	Grammar Geek  +  426693 Wed, 03 Oct 07 05:09 PM They are related. You take a loan from a bank. They extend you credit. It's rather complicated though. You can have a line of credit, which works like a loan, in which you can borrow up to a certain amount, pay it back, borrow more, pay that back, etc. That can be useful if you have a series of expenses coming up and your income will not be coming at the same time as the expenses. Or you can simply take out a loan, in which you get all the money up front and make regular payments of a set amount at set intervals until it's paid off. If you "have a hard time getting credit" it means banks don't want to lend you money. Grammar Geek Joined on Tue, Jan 10 2006 Veteran Member 19,651 Barbara, who answers in American English. My housekeeping skills attest to the truth of the second law of thermodynamics: Left to themselves, things get more and more random!