What is open-end credit?

Answer Open-end credit is a type of credit that you can continuously borrow against. With open-end credit, you can make purchases or borrow money, repay the money and then borrow the credit again.Features... Read More »

Top Q&A For: What is open-end credit

How do I use an open line of credit to pay off credit cards?

OrganizationFind all of your most recent credit card statements. Organize the statements by the highest interest rate to the lowest. If you must choose which cards to pay off with the line of credi... Read More »

What is an open line of credit?

If you need to make a purchase, an open line of credit allows you to do so and pay for your purchase over time rather than in one lump sum. In addition, you can use your open line of credit to buil... Read More »

How to Find Out What Accounts Are Open on a Credit Report?

Open credit accounts are those that are currently active, whether the open account is a credit card or a collection. Identifying open accounts allows you to see how many accounts are being heavily ... Read More »

What is the difference between an open ended credit&a charge card?

If you classify credit cards by their repayment type, there are two types of credit cards. Charge cards require you to pay your balance full each month while open-ended credit cards lets you make m... Read More »