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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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Call 1-800-769-2511 to talk to a credit specialist