On the other hand, non-revolving or installment credit accounts provide fixed terms where the dollar amount of the loan, interest rate and length of the term are all predetermined. For example, you can take out a mortgage for $250,000 with a 2.75% rate and 30-year repayment term. You'r...
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On the other hand, non-revolving or installment credit accounts provide fixed terms where the dollar amount of the loan, interest rate and length of the term are all predetermined. For example, you can take out a mortgage for $250,000 with a 2.75% rate and 30-year repayment term. You'r...