I have just applied for a Line of Credit which allows me to borrow a
certain amount whenever I need it. The LOC is interest bearing account
and only the interest portion needs to be paid; principle amount can be
paid off any time. Since the LOC payment schedule depends on when I
borrow and how much I borrow I can not perdetermine all the information
MSM asks for at the time of setting up a Loan account. How can I set th=
e
LOC account?

-- =

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Re: How to setup a Line of Credit in MSM 2004 SE by Dick

Dick
Sun Jul 02 07:35:41 CDT 2006

Credit Card. Loan, as you've noted, is really for a fixed term, fixed
payment loan like a mortgage.

"masai" <masai_chadi@hotmail.com> wrote in message
news:op.tb1daou4dvcnul@dikutoto.gv.shawcable.net...
I have just applied for a Line of Credit which allows me to borrow a
certain amount whenever I need it. The LOC is interest bearing account
and only the interest portion needs to be paid; principle amount can be
paid off any time. Since the LOC payment schedule depends on when I
borrow and how much I borrow I can not perdetermine all the information
MSM asks for at the time of setting up a Loan account. How can I set the
LOC account?