A revolving credit is a particularly flexible financing instrument, as it can be used by a borrower via simple loans, but it is also possible to integrate different types of financial adjustments into it – for example, it is possible to integrate an accredited, a swingline (i.e. a short-term loan financed a day in advance) or an overdraft under the terms of a revolving credit loan.  This objective is often achieved by creating a floor within the global loan, which makes it possible to benefit from a certain amount of the lenders` commitment in the form of these various facilities.  Community law currently consists of three Directives on consumer credit: Directive 87/102/EEC, Directive 90/88/EEC and Directive 98/8/EC. .
- September 16, 2021