There are two main types of credit accounts: revolving credit and installment credit. Your credit card falls into the revolving credit category, and things like your mortgage, car and student ...

New accounts granted to them more than doubled. Younger consumers are increasingly taking up revolving line accounts in Hong Kong, according to a study by TransUnion. Millennials accounted for 40% of ...

Revolving credit allows borrowers to have ongoing ... as long as you don’t close those credit card accounts. If you close ...