Revolving credit

Similar names of revolving credit:

- Permanent credit
- Money reserve
- Revolving credit

Unlike the depreciable credit, the capital of which necessarily decreases as the monthly payments go through to full repayment at the end of the term, the revolving credit is a global authorization, an almost permanent “line of assistance” in practice. The capital reimbursed at each monthly payment can be reused by transfer or by sending a check.

- Its duration is initially 1 year renewable.
- Its amount varies from € 500 to € 21,000 (rarely more), but the revolving credit is generally in a range of € 1,500 to € 3,000 .
- Taking into account the possibilities offered, the revolving credit generally has a higher rate than a classic amortizable credit (personal credit).
- Excluding any deposit, no particular guarantee is required.


OltottMesz's opinion

Ideally, the amortizable loan (personal credit) should be used for the purchase of specific and significantly important goods, while the revolving credit will be used for an impulse purchase or for the preparation of projects (holidays for example).
The danger of revolving credit lies in the temptation of a constant use of available capital. On the other hand, well used, the fact of having at one's disposal, without having to file for each need a new request for "revolving credit" can prove to be very useful and simplify life.

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