Revolving vs installment credit | Loans and debt | Financial literacy | Khan Academy
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Revolving vs installment credit | Loans and debt | Financial literacy | Khan Academy
Revolving credit is when you can borrow money up to a certain limit and pay it back as you wish, like using a credit card. Installment credit is a loan with a set amount of money that you pay back in fixed payments over time, like a car loan or a mortgage. Learn more at https://www.khanacademy.org/college-careers-more/financial-literacy Courses ...
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