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-   -   What does REVOLVING ACCOUNTS mean? (https://gfy.com/showthread.php?t=700277)

split_joel 01-28-2007 01:16 AM

What does REVOLVING ACCOUNTS mean?
 
Im checking out my credit history and I am wondering with Revolving Accounts means

DWB 01-28-2007 01:18 AM

Revolving Accounts have open terms and varying payments. This means that your monthly payments will vary depending on the balance of the account. Examples of revolving accounts include all major credit cards and credit cards from department stores.

EscortBiz 01-28-2007 01:20 AM

credit cards

anything with a set monthly charge is not revolving thats what i think

split_joel 01-28-2007 01:21 AM

cool thanks guys


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