YOUR MONEY | Be careful with revolving credit

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(Photo: GALLO IMAGES/GETTY IMAGES)
(Photo: GALLO IMAGES/GETTY IMAGES)

Revolving credit gives you a loan amount you can spend when and how you want. Many of us are familiar with it in the form of credit cards and overdrafts, but access facilities are becoming an increasingly popular form of revolving credit.

Here’s more on how an access facility works, what you should be wary of and how to use it effectively.

- HOW IT WORKS

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