The breach of the revolving credit agreement is subject to different regulations that depend on the current situation. If a borrower violates the terms of the agreement, he may be sanctioned or liable to a fine for non-payment of fees by the lender. In extreme cases, the lender may also terminate the contract for non-compliance with the borrower`s promise and then bring an action against the borrower. The notion of revolving credit or revolving account is the credit information of an account based on its credit limit set by the lender to the borrower. This helps determine the number of changes within the indicated credit limit and the amount to be paid each month….