What is Revolving Credit and Is It Good To Use?

There’s a good chance you already have access to revolving credit and use it frequently. Almost 70% of Americans have at least one credit card. Many people have multiple revolving credit accounts or “lines” of credit.

Credit cards (including store credit cards), home equity lines of credit (HELOC’s), and deposit accounts with overdraft protection are examples of revolving credit accounts.

Is revolving credit good to use? Read on to learn more about revolving credit, how it is different than other loans, and why it may — or…