Not all loans are structured in the same way, some lenders prefer weekly, monthly or any other type of preferential schedule. A credit agreement is more comprehensive than a debt instrument and contains clauses about the entire agreement, additional expenses and the modification process (i.e.: How to change the terms of the agreement). Use a credit agreement for high-rise loans or loans from multiple lenders. Use a debt account for loans that come from non-traditional lenders such as individuals or businesses instead of banks or credit unions. All the provisions applicable to credit are also something that contains the document….