What is revolving credit?I

It’s a strange-sounding term that you may not have come across before. But most of us use it every month without thinking about it. 

Which begs the question, what is revolving credit? Find out more in Morses Club’s latest blog…

It’s simple, really
Simply put, a revolving credit account lets you repeatedly borrow against and pay off a line of credit without having to apply for a new loan every time.

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Morses Club

More articles like this

Morses Club

How to choose the best loan for you

Finding the right loan could make your borrowing cheaper, lower risk and easier to manage. There are many different types, for different purposes and all with different interest rates to consider. So while that might make

Morses Club

Applying for a doorstep loan from Morses Club

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

Morses Club

Overdraft vs a loan

There are times in life when, for whatever reason, you may be struggling for money.  Perhaps you’ve had to spend an unexpectedly large amount in a short space of time, and your available funds are getting

Morses Club

Debt management & keeping track of what you owe

When we buy things on credit, it can be easy to lose track of spending. Unfortunately, if you don’t manage your debt properly, it can lead to missed payment fees, overspending and a reduced credit score.

Morses Club

How to use the 50/20/30 budget rule

Budgeting is a key part of becoming and staying financially stable. If you’ve searched for budgeting advice or money saving tips in recent months, it’s likely that you’ve seen consumers and experts mention the 50/20/30 budget.

Morses Club

How to choose the best loan for you

Finding the right loan could make your borrowing cheaper, lower risk and easier to manage. There are many different types, for different purposes and all with different interest rates to consider. So while that might make

Morses Club

Doorstep loans vs payday loans

When searching for a short-term loan, you may have come across the phrases ‘doorstep loan’ and ‘payday loan’. But what do these terms mean, and what’s the difference between the two?  Understanding the difference will help

Morses Club

Everything you need to know about instant loans

You’ll probably have heard the term, you may have even considered applying for one. But what exactly is an instant loan – and is it right for you?  Let’s take a look at the varied types

Morses Club

Why is my credit limit low?

If you’ve just successfully applied for a loan or a credit card, you may not have been given as much credit as you’d hoped for, and perhaps you’re wondering why. So let’s take a look at

Morses Club

How to choose the best loan for you

Finding the right loan could make your borrowing cheaper, lower risk and easier to manage. There are many different types, for different purposes and all with different interest rates to consider. So while that might make

Morses Club

Overdraft vs a loan

There are times in life when, for whatever reason, you may be struggling for money.  Perhaps you’ve had to spend an unexpectedly large amount in a short space of time, and your available funds are getting

Morses Club

Doorstep loans vs payday loans

When searching for a short-term loan, you may have come across the phrases ‘doorstep loan’ and ‘payday loan’. But what do these terms mean, and what’s the difference between the two?  Understanding the difference will help

Morses Club

Morses Club “a truly transformative year”

Morses Club PLC (LON:MCL), an established provider of non-standard financial services, has announced its preliminary results for the 52 weeks ended 27 February 2021.  Operational Highlights: ·    Rapidly reconfigured operating model and existing technology, allowing us to maintain

Morses Club

Doorstep loans myth busting

Facts are important. When it comes to doorstep loans, a lot of people may already firm opinions, despite not knowing the real facts about how they work. Second-hand information, assumptions and falsehoods could all have contributed