Not exact matches
Believable or not it makes a difference the order paying off student loans,
credit cards, car payments, furniture or any
other type of loans whether installment or
revolving accounts.
Like with any
other type of loan,
revolving credit often carries an interest rate.
Mortgages and
other fixed - length accounts usually make up one
type of credit, while
credit cards and
other revolving accounts make up another.
An HELOC, on the
other hand, is a
type of revolving credit whose rates can change over time.
The Federal Reserve Bank
of New York tries for a more precise look at
credit card debt by excluding
other types of revolving debt.