Freedom

What type of account that chase freedom signature reports to credit agencies?

Bluesea asked:


I saw some topics that say chase freedom signature visa reports as a “opening account” in credit report instead of “revolving account”. Is it right or not?
What is the different between “opening account” and “revolving account”? which one is good for improve credit scores?

Nathan

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Tags: Chase Visa, Credit Revolving, Credit Scores, Improve Credit

This entry was posted on Friday, December 14th, 2007 at 5:52 am and is filed under Freedom. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “What type of account that chase freedom signature reports to credit agencies?”

1. Mark Says:
   December 16th, 2007 at 11:41 pm

   there is no such thing as “Opening accounts” revolving accounts are credit cards. Basically, there are two types of loans. Revolving credit, and installment (like a house, car, etc)

   Credit cards are a great way to improve your credit score if handled responsibly.