Yes, but not in the traditional sense. You will use your line of credit similarly to your primary checking account. Your paychecks will be applied to your line of credit and your monthly bills will be paid from the account. By repositioning your income against the line of credit, the line of credit lender will credit the monthly payment requirement and lower your daily average balance, thus reducing interest charges. Any money that you don’t spend, that would normally be “sitting stagnant” in your regular checking or savings account, remains against the balance of your loan until it is otherwise needed, further reducing interest charges. When money is needed, it can be accessed through the line of credit. 

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