Question

1. True or false? When you use revolving credit, you borrow a fixed amount and make regular payments until you’ve paid off the loan.

Answer 1

True is the answer, because they would set up a payment plan with you first and it is much easier financially to do regular payments rather than one huge one.

Answer 2

When a person use revolving credit, they borrow a fixed amount and make regular payments until you’ve paid off the loan is the true statement.

What is revolving credit?

Revolving credit is the kind of borrowing the money repetitively, a person can borrow to financial institute until a limit repetitively. at the time of repayment to the person, they can pay at the current amount due to irregular payment.

Thus, the statement is true

For more details about Revolving credit, click here:

https://brainly.com/question/11880715

#SPJ2