What is revolving debt?

Answer Revolving debt is an account that can be accessed repeatedly without submitting a new application for more credit. Credit cards and home equity lines of credit are the most common type of revolving... Read More »

Top Q&A For: What is revolving debt

Is Revolving Debt or Installment Debt Better for Your Credit Score?

While reviewing your credit report, you may notice some debts marked as "revolving" while others are labeled "installment". Although these types of accounts are very different, having both on your... Read More »

Is it Better to Pay a Revolving Debt or a Mortgage?

Revolving debt, such as credit cards and lines of credit, usually have higher interest rates than larger, secured debts such as mortgages. To keep your credit score high and overall interest rates ... Read More »

What is a revolving credit loan?

A revolving credit loan is one on which there is no set number of payments, and a balance may be carried from one month to the next, as long as a minimum payment is made.TypesRevolving credit is mo... Read More »

What is a revolving line of credit?

A revolving line of credit is a type of loan or lending product offered by banks, credit unions and other financial institutions. Both businesses and individuals can utilize revolving lines of cred... Read More »