Credit and Bankruptcy Law


What is a variable rate?

Variable rate is tied to the annual percentage rate described above. Many credit card companies will offer a variable rate as opposed to a pure fixed rate. They often will say that the APR on the card will vary with the corresponding prime rate in the market. Also, credit card companies may something like three different percentages for an APR (9.99%, 11.99%, or 14.99% depending on your credit).


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