Question

PLEASE HELP ME........Refer to section 2.4.1. Transacting and revolving rate, beginning on page 54 of the report. Write two to three sentences describing the connections that can be drawn between the account behavior of cardholders and their credit scores.​

Answer 1

Revolving credit allows you to borrow money when you’d like, in any amount you’d like, up to a set limit determined by the lender. Revolving accounts typically have minimum monthly payments, though you can pay more when you desire. Common examples include credit cards and home equity lines of credit.

Explanation:

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