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Is a Revolving Credit Plan Unsecured or Secured?

April 26, 2017credit Plan revolving secured unsecured

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Is a Revolving Credit Plan Unsecured or Secured?

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A revolving credit plan is a credit card or line of credit on which an individual can make purchases up to a pre-set spending limit. When individuals who get such a plan pay off the purchases, they can again charge an amount equal to the spending limit on the account.