Revolving Accounts, are used for Credit Cards to obtain money to buy merchandise or to get cash advances repeatedly, as long as there is money available to do the transactions. Once a Revolving Account is paid off, it can be used again up to (and sometimes over) the credit limit. There is no need to open a new account each time money is needed. Aside from Revolving Accounts are Installment Loans. Installment Accounts are used to finance things like cars, student loans, unsecured loans, furniture, mobile homes, medical expenses, airplanes, boats and so on. In … (0 comments)
Installment or Revolving –Which is better for your credit score?
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