What is the difference between credit and revolving credit?

In: Credit

credit is any money loaned to you including cards/installments/mortgages etc and revolving indicates a line of credit or credit card which has a limit available and you can use and pay and reuse where an installment has a specific amount and you pay it off and it closes

First answer by Sheilapm. Last edit by Sheilapm. Contributor trust: 1 [recommend contributor]. Question popularity: 1 [recommend question]

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