Lines of credit and credit cards are two types of revolving credit accounts that allow money to be used at the borrower's discretion, where interest only accrues on the money actually used. (valuepenguin.com)
An HELOC is a type of credit comparable to a credit card or other types of revolving credit. (mortgagebrokerstore.com)
Visit our blog next week as we will be covering the different types of revolving credit and how they affect your scores and reports. (msicredit.com)