Click now to send relief. I also lease a truck from Toyota. If you could answer this I would be grateful. With interest rates at their lowest level in two generations Vince is hoping to benefit. And he's right.
Lower rates do make life easier for borrowers.
Let's look at his questions one at a time. First, his credit cards. Vince's cards will be one of two types - either fixed or variable rate. A fixed rate card offers rates that won't change as other interest rates increase or decrease. The rate is set by the card issuer and agreed to by the borrower.