Revolving Loan VS Credit Card
Revolving loan vs credit card. What is the difference, and more importantly which one is cheaper?
In this CNBC Africa interview Wikus Olivier, debt management expert at DebtSafe, talks about the revolving loan vs the credit card. He explains the differences between a revolving loan and credit card, what each product offering involves, and ranks them according to their affordability and manageability.
Wikus also talks about the best way to choose between a revolving loan and a credit card, and how these different credit offerings affect your debt and your credit score in the long run.
Watch the CNBC Africa interview below.