http://www.moneydevil.info Tue, 10 May 2011 12:12:50 +0000 en hourly 1 http://wordpress.org/?v=3.3 http://www.moneydevil.info/checking-account-credit-line/ http://www.moneydevil.info/checking-account-credit-line/#comments Sat, 07 Mar 2009 11:44:45 +0000 admin http://www.moneydevil.info/?p=14 A line of credit extended in connection with a checking account is normally considered a longterm liability if a balance is owed. It is essentially classified as a revolving account. If the monthly payment amount is not indicated by the lending institution, five percent of the remaining balance is normally calculated and used as the monthly payment.

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