Revolving credit allows borrowers to have ongoing access to funds in the form of a line of credit, which comes with rules about how much credit is available to the borrower and how they have to ...

US consumer borrowing increased in August at a slower pace than a month earlier, restrained by the largest drop in credit-card balances since March 2021. Total credit outstanding rose $8.9 billion ...

High interest rates, tighter credit standards and reduced consumer spending contributed to a decline in revolving credit use. The last comparable decline was during the pandemic, but that drop was ...

President Donald Trump is backing a hard ceiling on credit card interest, pitching a one year cap as a lifeline for ...

Gray Media has increased the aggregate commitments under its revolving accounts receivable securitization facility (its “AR Facility”) by $100 million, resulting in aggregate commitments under this ...

As the CEO of FuturePay, I’d like to shed light on some of the benefits of digital revolving credit over buy now, pay later (BNPL) options. Digital revolving credit is an ecommerce financing option ...

Supermicro, Inc (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced it has entered into a definitive credit agreement providing for a senior revolving ...

LAKE FOREST, Ill.--(BUSINESS WIRE)--Reynolds Consumer Products Inc. (Nasdaq: REYN) (the “Company”), a leading provider of household products, today announced an amendment to its credit agreement that ...

NEW YORK--(BUSINESS WIRE)--Lithic, a leading financial technology platform known for powering growth businesses with bespoke card solutions and seamless money movement, today announced the launch of ...

The revolving credit facility commitment was increased from $75,000,000 to $100,000,000 and the maturity date was extended from September 29, 2028 to February 28, 2029. No additional collateral was ...