One of the advantages of the open end credit is that it offers purchasing power and offers the credit card benefits. The disadvantage is that it might blow one's budget up.
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Revolving credit
They have limits.
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Line of Credit
Generally, closed-end credit has a better interest rate than that of open-ended credit because closed-end credit is less risky insomuch as there is a limit on how much credit may be utilized (whereas there is no limit for open-ended credit). Because lenders look at the risk-reward aspects of the product portfolio, a lower-risk product warrants a lower interest rate than one having higher risk.
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As the name says, a back bone network is an interconnection of different networks at the back end.