Question

In which type of credit does the bank allow you to borrow money up to a specific amount?

In (unsecured, secured, or revolving credit), the bank allows you to borrow money up to a specific amount, which is your (debit, credit, or payment limit).

Answer 1

Revolving credit, credit

Answer 2

In "revolving credit", the bank allows you to borrow money up to a specific amount, which is your "credit".

Revolving credit is a credit extension where the client pays a dedication charge to a budgetary organization to acquire cash, and is then permitted to utilize the assets when required. It as a rule is utilized for working purposes and the sum drawn can change every month contingent upon the client's present income needs. Revolving credit extensions can be taken out by companies or people.