There are three types of credit accounts: revolving, installment and open. One of the most common types of credit accounts, revolving credit is a line of credit that you can borrow from freely but that has a cap, known as a credit limit, on how much can be used at any given time.
What types of credit account information is there?
What types of information can I find on a credit report?
Equifax, TransUnion and Experian all of which maintain consumer credit reports
1.Don't apply for too much credit at once. 2. Do apply for a variety of credit types 3.Do research the type of card that is right for you. 4.Don't fall for a credit repair scheme. etc.etc