 TITLE: What Is Installment Credit? CONTENT: How Are Installment Credit and Revolving Credit Different?\n----------------------------------------------------------\nUnlike an installment credit account, a revolving credit account lets you carry a balance from month to month. Credit cards and home equity lines of credit are examples of revolving accounts.\nOn a revolving credit account, you decide how much to charge every month and how much to repay. When you carry a balance from month to month, the interest you'll incur adds to your total balance.\nWhile you aren't required to pay off the full balance each month, the lender will provide a credit limit, or maximum amount you're allowed to charge. It will also assign you a minimum monthly payment, which can change depending on your balance. If you miss payments or you're late, your credit score will suffer. END