A “revolving” credit account is an account where your monthly payment is based on your balance, which can change from month to month. Revolving balances can also be paid in full without incurring ...

We recently received a question from a reader who wants to know if there’s any way she can close unused credit cards without hurting her credit scores and how taking this action could impact her ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules about how much credit is available to the borrower and how they have to ...

Keeping this ratio low can give a big boost to your credit score Written By Written by Contributor, Buy Side Michelle Lambright Black is a contributor to Buy Side and credit expert specializing in ...

There’s no question that applying your tax refund toward your outstanding debt is wise. If you owe more money than your refund will pay off, however, you may soon be faced with some important choices.

I paid off all of my credit cards and some other debt I had with inheritance money I received. Then I heard it will hurt my credit score by paying them off. Is this true? I hope not. I thought I was ...

We recently received a question from a reader who wants to know if there’s any way she can close unused credit cards without hurting her credit scores and how taking this action could impact her ...