Financial jargon simplified: credit Doing some homework to understand important jargon can help you navigate credit with confidence. Read the full description of the infographic Jargon Simplified: Credit Revolving Credit Think credit card. A revolving account doesn't have an end date. You have a credit limit and must make payments toward the balance each month. Installment Credit Think student loan or car loan. Installment credit is a loan that's repaid over a defined period of time. Individual Account An account in which one person is responsible for the terms and payment obligations. Joint Account An account in which two people share the responsibility for the terms & payment obligations. Authorized User An authorized user is somone the account owner gives permission to use an account. The account owner, however, is ultimately responsible for payment. Next Door® inspired by State Farm® What Now?Get familiar with how you're managing your credit by pulling a free credit report. Want to know more about what makes up your credit score? Check out this infographic of the five factors that make up your credit score.What is Financial Friday?Financial Friday is a series dedicated to financial education and actionable tips meant to inspire progress toward your financial well-being. Subscribe to Next Door® to get Financial Friday articles delivered to your inbox.Subscribe to Next Door®State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates) is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites hyperlinked from this page. State Farm has no discretion to alter, update, or control the content on the hyperlinked, third party site. Access to third party sites is at the user's own risk, is being provided for informational purposes only and is not a solicitation to buy or sell any of the products which may be referenced on such third party sites.