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I think you mean difference between fixed and variable type loans. A fixed loan has a fixed interest rate, meaning that for the life of the loan, the interest rate cannot change. This doesn't mean your payment can't go up, though, in the case of a mortgage. Your payment will include taxes and insurance and your home insurance and tax rates can go up.
In the case of a variable interest rate, the interest goes up based on whatever index the interest rate is based on. A common index is the LIBOR index which changes on a daily basis subject to market forces. A variable interest rate can actually go down. However, they can also go up.
A credit card is never fixed, the bank can change the rate at will. An auto loan is typically fixed. A mortgage can be either.
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