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What Is Revolving Credit?

By Kristi WaterworthUpdated Dec 12, 2024 at 2:17 PM

Key Points

  • Revolving credit allows repeated borrowing within a set limit, offering flexible financing.
  • Balancing usage of revolving credit under 30% optimizes credit score impact.
  • Investors must understand revolving vs. installment loans to evaluate financial strategies.

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