How does revolving credit differ from installment credit?
A balance with installment credit can go up and down as long as the account is in good standing, but revolving credit requires that a balance
is paid by an end date in periodic installments.
A balance with revolving credit can go up and down as long as the account is in good standing, but installment credit requires that a balance
is paid by an end date in periodic installments.
Revolving credit allows the user to exceed the agreed upon credit limit by paying a higher interest rate, while installment credit requires that
the interest rate stays the same and the credit limit is not exceeded.
Installment credit allows the user to exceed the agreed upon credit limit by paying a higher interest rate, while revolving credit requires that
the interest rate stays the same and the credit is not exceeded
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How does revolving credit differ from installment credit?
A balance with installment credit can go...
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