The two most common types of debt consumers find themselves in are revolving debt and installment debt, but what are the differences between revolving debt and installment debt, and is one better than the other? As a California bankruptcy attorney, I get asked this question from time to time. Revolving […]
These percentages are based on the importance of the five categories of the general population. For particular groups of people, the relative importance of these categories may be different (for example, someone who has not been using credit for that long).