6/14/2017

Why your credit card debt is about to get more expensive

CUNA Mutual Group’s chief economist Steve Rick explains how the Federal Reserve’s interest rate hike can affect credit-card users, home-equity borrowers and homeowners with adjustable-rate mortgages. “These loans will become more expensive since their rates are directly linked to the prime rate, which in turn is affected by the Fed's key rate,” he said.

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