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What does “revolving account” and “installment account” mean on my credit report?

April 26, 2017Business credit credit report Finance mean

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What does “revolving account” and “installment account” mean on my credit report?

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Revolving account is a credit card Installment account is a car/house/loan payment If you use on of those pay services for a credit check (cost about $14) they will give you the name of the company and a phone number for the company who hold the account. With one credit bureau, they still had an open account on a card I hadn’t used for 25 years…….