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Revolving Balance:

A revolving balance refers to the case when a customer elects not to pay their balance in full immediately and instead carries a balance from billing cycle to billing cycle. If any amount of an account balance remains after a billing cycle (excluding new charges made during that cycle), the account is said to revolve into the next billing cycle, which forfeits the interest free period and allows interest charges to accrue.

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CA Consumer Notice Privacy Policy Terms Licenses
Westbon Inc. (dba Boro) NMLS No. 1635300. NMLS Consumer Access
Michigan Regulatory Loan License (RL-0020249), effective February 12, 2016, issued by Department of Insurance and Financial Services. Contact info: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521