Monday, August 8, 2011

How to learn if the US downgrade could affect you

Here are some questions to ask as you try to assess whether your loans could be affected by the market turmoil:

— Can my interest rate increase?
— What benchmark or index is my loan or card tied to?
— How much might my monthly payments increase?
— How many times per year can my rate adjust?

Read the full article by the Associated Press

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