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Personal Banking > Loans & Lines of Credit > Understanding Credit > General Credit FAQs

General Credit FAQs

Below are answers to some common questions about credit in general. If you don't find the answer you are searching for, an RBC Royal Bank® credit specialist would be happy to answer your questions.

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Expand What is credit?

Expand How is a line of credit different from a personal loan?

Expand What is the equity in my home and why should I borrow against it?

Expand I have several small debts and find it hard to keep track. Should I consolidate them?

Expand How can I reduce my debt load?

Expand What are my obligations if I co-sign a loan?

Expand Am I in financial trouble?

Expand What is the difference between "term" and "amortization"?


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For tips and expert advice on managing your credit, call 1-800-769-2511 to talk to a credit specialist.


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