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An unsecured claim refers to a claim in which a creditor has a right to... ...more
Revolving credit means that a lender agrees to extend you a specific amount of money continuously. With revolving credit, you can borrow up to the full amount of the loan, repay some or all of it, and borrow up to the full amount again. The total credit available to you will increase and decrease as you borrow and repay the funds. Interest is charged on the actual balance that you owe. Your payments are based on how much of the loan you have withdrawn, and the interest on that amount. Loans with revolving credit can be repaid over time or all at once.