What Are the Top Benefits of Using an Overdraft Facility?
An overdraft facility can be a great way to avoid bounced cheques and late fees. But overdrafts are not for everyone. For example, if you’re in the habit of bouncing your cheques, or if you have trouble keeping track of your spending habits, then an overdraft facility may not be right for you.
What are the drawbacks to a revolving credit facility?
Revolving Credit Facility Borrowers pay a flat fee in order to get a set amount of money up to a specified ceiling. The borrower may get money when it is needed, with no restriction on how much is borrowed. Businesses often utilize credit facilities such as these to improve their cash flow cycle. When a […]
Revolving credit facility vs. overdraft?
An overdraft is a sort of revolving credit, in the strictest sense. Revolving credit facilities, on the other hand, refer to a particular type of lending arrangement that is geared toward businesses. Overdrafts vs. revolving credit facilities. So how does a revolving credit facility differ from an overdraft? Technically speaking, an overdraft is a form […]
