What Is a Revolving Account? At first glance, you might think there are only two types of debt: secured and unsecured. Secured debt is tied to collateral that can be taken back if the debt goes unpaid ...

Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three years of experience covering financial topics like insurance, ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

Having a mix of credit products in your name — such as a couple of credit card accounts and a mortgage or auto loan — helps to strengthen your overall credit profile. These credit products fall under ...

Whether a small-business loan is installment or revolving depends on the loan type and terms of the agreement. Many, or all, of the products featured on this page are from our advertising partners who ...

Revolving credit is a type of credit in which the consumer’s balance and minimum monthly payment can fluctuate, and where the cardholder usually has the option of avoiding finance charges by paying ...

As a borrower, understanding the impact of credit and the types of credit available can help you intelligently leverage your wealth without risking high fees, interest and long-term debt. The two most ...