Compare TD Loans & Credit Lines. In terms of needs that are borrowing there’s no one size that fits all.

Compare TD Loans & Credit Lines. In terms of needs that are borrowing there’s no one size that fits all.

Find out about the distinctions between financing and a relative personal credit line.

Get and keep credit that is good

Find away what’s involved with getting credit, how exactly to keep your credit history healthy and much more.

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Transcript

Voice-Over

To assist you decide which monetary financing choice could be suitable for you, keep consitently the after in your mind:

Are you experiencing a well-defined borrowing need with a specific objective – such as for example purchasing a vehicle, consolidating financial obligation or any other expense that is major? Then that loan may be a much better choice. A lump is provided by it sum of cash at the start. You can easily choose a set or variable interest rate… and choose your re re re payment regularity which range from regular to biweekly, semi-monthly or month-to-month.

Then a line of credit may be a better option – as the funds up to your available credit limit are there, whenever you want if, on the other hand, you need the flexibility to borrow for a variety of needs, without having to reapply every time! And also you pay just interest on which you employ.

Talk to a TD agent for more information on which solution might be suitable for your borrowing requirements!

On-Screen Graphics

Loan vs. Loan vs. lend Loan vs. personal credit line Loan vs. uncover cash on ground

Loan https://installmentloansite.com/installment-loans-hi/ vs. Personal Credit Line

Interest Fixed Variable

Weekly Bi-weekly Semi-monthly Month-to-month

Content in this video is for informational purposes just that will differ according to specific circumstances.

Please talk to a TD banking expert about your specific requirements.

В® The TD logo design as well as other trade-marks will be the home associated with Toronto-Dominion Bank.

Transcript

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Screen Text: Debunking credit score urban myths Big Foot Debunking goat that is debunking yoga

Debunking credit score fables is clicked and name seems.

Screen Text: Debunking credit score fables

Speaker: Unlike an internet conspiracy theory, credit ratings must not be frightening.

A meter advances from a decreased credit history to high credit history. An automobile seems.

Speaker: They suggest how good you handle your credit re re re payments.

Re Payment Due name seems. A hand clicks upon it, changing the name to pay for Bill.

Screen Text: Payment Due Pay Bill Minimal re re payment Paid

Speaker: Having a credit that is good history- and that means you make at the very least your minimal payment and constantly ensure it is on time – will allow you to attain a greater credit rating.

A calendar is shown having a check mark at the conclusion of the thirty days.

Screen Text: minimal re re payment on time

A meter advances from a minimal credit rating to credit score that is high.

Speaker: This in turn often helps help you get authorized for credit for bigger purchases – like your very first home – in the long term.

A agreement seems and it is being finalized. A residence is shown.

Screen Text: help to make approvals easier

An envelope seems.

Speaker: Making your repayments on time relates to all your valuable personal bills, as well as your phone bill as well as other bills.

A bill is revealed within the envelope. A phone seems with a Pay Bill symbol. The symbol is clicked and modifications to Paid!

Screen Text: all of your individual bills spend Bill Paid

Speaker: additionally, make sure that you need and that you use them responsibly by staying within your credit limit that you only apply for credit products.

Screen Text: Only make an application for credit items you may need

an amount of bank cards circle the screen and one stops and remains on screen. The credit is showed by a credit meter card going over the restriction after which back to the goal area.

Screen Text: remain in your limitation

Speaker: Finally, keep in mind not to ever make an application for credit numerous times over a period that is short this too can adversely influence your credit rating!

A meter advances from the credit that is high to low credit rating as being a hand clicks an Apply icon many times.

Screen Text: Apply Applying too often