what is revolving credit?\no credit when the borrower makes regular monthly payments\no credit that is paid…

what is revolving credit?\no credit when the borrower makes regular monthly payments\no credit that is paid all at once, in a single payment\no credit that lets the borrower choose how much of the credit to use and when to pay it\no credit that requires payment in full on a specific date

what is revolving credit?\no credit when the borrower makes regular monthly payments\no credit that is paid all at once, in a single payment\no credit that lets the borrower choose how much of the credit to use and when to pay it\no credit that requires payment in full on a specific date

Answer

Brief Explanations:

Revolving credit is a type of credit that gives borrowers the flexibility to use the credit up to a certain limit, pay it back, and then use it again. They can choose how much to borrow and when to make payments within the terms of the credit agreement. It's different from non - revolving credit which has a set repayment schedule or is paid in full at once.

Answer:

credit that lets the borrower choose how much of the credit to use and when to pay it