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Please clarify....

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nativenyer
Frequent Contributor

Please clarify....

What is the difference between revolving credit vs. installment? I think I know but I want clarification before I end up making a costly mistake.
Message 1 of 3
2 REPLIES 2
guiness56
Epic Contributor

Re: Please clarify....

Revolving is like credit cards, store cards, etc.  Installments are personal loans, car loans, student loans and mortgages.

Message 2 of 3
nativenyer
Frequent Contributor

Re: Please clarify....

Thanks! Wanted to make sure!
Message 3 of 3
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