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Compare revolving and installment credit


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


There are two basic forms of credit; revolving credit such as with a credit card and installment credit such as with a vehicle loan. Wise use of credit requires that you know how each type works.

The following resources may assist you in comparing revolving and installment credit:

Guide to Revolving and Installment Credit

Revolving Vs. Installment Credit


Getting Out on Your Own Tasks

1. Finding housing
2. Building credit access and usage
3. Reaching financial goals
4. Setting up a spending plan
5. Getting properly insured

Building credit access and usage Subtasks

1. Learn about credit reports and credit scores
2. Take steps to strengthen your credit reputation
3. Compare revolving and installment credit
4. Decide how much credit you can afford right now
5. Identify appropriate sources of credit and how you will use them

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