What Is Open End Credit?   Open end credit is any kind of loan that while you are making payments to that loan, you can also access funds repeatedly by making withdraws and continue to repay the floating balance. On these kinds of loans you have a minimum amount that you must repay depending on your balance, but you always have the option of paying it completely off at any time. This is a great way to rebuild your credit or keep your credit strong. Potential creditors, when pulling your credit, can see how you manage money.  Instead of only making repayments to a fixed loan amount, you have access, usually to a credit limit. Staying below 30% of your credit limit shows that you are responsible enough to balance your finances between your income and debt. Also by staying 30% or below of your credit limit greatly improves…