Open-end credit consists of loans made on a continuous basis with periodic bills for at least partial payment.

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Open-end credit, also known as revolving credit, is a type of loan where the borrower has a credit limit and can borrow up to that limit as needed. Payments are made periodically, often monthly, and the borrower can choose to pay the minimum amount due, the entire balance, or any amount in between. Examples of open-end credit include credit cards, home equity lines of credit, and personal lines of credit.

Open-End Credit Consists of Loans Made on a Continuous Basis