oboloo Glossary

Credit Asset Account

oboloo Glossary

Credit Asset Account

A Credit Asset Account is a type of business account that provides customers with access to various types of credit. This includes lines of credit, personal loans, mortgages, car loans and other forms of credit-related financing. The goal of having a Credit Asset Account is to help manage and build your business’s credit profile – and increase the ability to secure financing for future projects. With careful management, using this type of account can lead to higher profitability and greater financial stability.