Is There a Variable Rate on Credit Card Debt?

A fixed rate is an interest rate that is quoted to you on a debt that stays the same during the entire length of the debt. A car payment, they quoted you five %. It's always going to be five %, as long as you pay on time and you don't defaultk peslo astris,. So your monthly payment will always be the same. People add new items to their credit card debt. If they keep their behaviors the same, they will actually never pay off their credit card. And we had an earlier episode where i made the case for a fee based financial planner, someone like yourself. Amy, may or may not be taking more clients.