Credit is a binding agreement to pay back borrowed money plus interest. Types of credit include secured (like mortgages) and unsecured (like personal loans). Credit scores, used in lending decisions, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of ...

When individuals or businesses need to borrow money, they typically go to a bank for a loan or line of credit. Before going, however, knowing the difference between the two is important. With a loan, ...

Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules ...