How it works: Lenders offer revolving lines of credit with no collateral required, based on the entrepreneur's personal credit history. (entrepreneur.com)
Interest rates for revolving lines of credit are variable and tied to an index, but may be guaranteed for a time. (badcreditloanservices.com)
For consumers with a large amount of debt on revolving lines of credit, such as credit cards, a loan can also help them pay back that debt on a set schedule. (consolidate.loan)