What are some examples of revolving credit 2024?
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Credit cards are the most widely used type of revolving credit, with other examples being home equity lines of credit (HELOCs) and retail (department store, gas) cards. Unlike a loan, a revolving account doesn't automatically close when the account reaches a zero balance.
2023-05-07 09:37:08
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Harper Kim
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Credit cards are the most widely used type of revolving credit, with other examples being home equity lines of credit (HELOCs) and retail (department store, gas) cards. Unlike a loan, a revolving account doesn't automatically close when the account reaches a zero balance.