August 22, 2019

What is a revolving credit

The revolving loan is a loan that does not require any proof. It can be subscribed for many reasons: fund an event, to have some money in front of you, pay unexpected bills, do some work … This revolving credit without supporting documents is granted by a lending organization. The latter puts at your disposal a budget reserve in which you can draw freely, according to your needs. This reserve has a limited amount and you can use it in whole, in part, or keep it intact in case of need for further money. This reserve decreases when you release funds. It is reconstituted at the rate of monthly repayments…