Revolving credit decreased at an annual rate of 12% in March and non-revolving credit decreased at an annual rate of 7%.
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Before getting a revolving credit card, be sure you know the interest rate and what it could become.
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At the mercy of the banks, DeWelt agreed to a two-point increase in the interest rate, to 7.75% on its revolving line of credit borrowings and 6.93% on its term loan.
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