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They also amended $1.7 billion of existing credit lines.
A rival, Splitit, offers consumers the option of dividing payments between existing credit cards.
Upromise, another card issuer, recently offered to take over her existing credit balances at zero percent.
Vivendi reiterated that the deal will be "financed from Vivendi's existing credit lines".
So, he said, he used cards to supplement existing credit lines.
The company said it obtained the secured financing through new or existing credit lines.
Dealing with existing credit correctly is crucial, by paying monthly bills in full and on time.
Universal said it would finance the deal with its existing credit lines.
Vivendi said it would finance the acquisition from its existing credit lines.
It said TI expects to finance the transaction from its cash resources and existing credit facilities.
But these processes aren't being used when the lender calculates a new value to reduce an existing credit line".
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