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 ...

Your credit score increases if you have both revolving and installment credit accounts. Installment accounts are those you pay over time, paying a set amount each ...

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 ...

Americans' spending habits continue to be affected by the coronavirus pandemic, with new data from the Fed showing a decline in revolving credit debt for the third month in a row. Revolving credit ...

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 ...

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 ...

A “revolving” credit account is an account where your monthly payment is based on your balance, which can change from month to month. Revolving balances can also be paid in full without incurring ...

Valerie White is senior executive director of LISC NY, the New York branch of the national Local Initiatives Support Corporation. Christine R. O’Connell is the organization’s senior director of ...