By:
Yanna
October 12th, 2022
If you have a credit card or a line of credit (like a Home Equity Loan), chances are you’ve heard the term “Revolving Credit.” But, what the heck is it?! Revolving credit is a type of loan borrowers can repeatedly use to finance purchases and emergencies if needed. Borrowers must repay the amount they used to finance that purchase but they get to reuse that amount again. Hence the term revolving!
By:
Yanna
October 12th, 2022
Have you ever received a credit card statement and weren’t quite sure what you were looking at? I get it!
By:
Yanna
October 12th, 2022
It’s easy to see a credit card as “free money” and spending more than your means. But if you're not careful, you could wind up paying a lot in fees and interest, hurt your credit score, and really hurt your wallet.
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