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Stock impact report

How changes in interest rate affect debt [Yahoo! Finance]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Yahoo! Finance
The overall economic outlook influences how much lenders charge for you to borrow — whether you opt for secured or unsecured financing. Interest rate changes have an impact on every dollar you borrow. They can make or break the affordability of the car you drive, the house you live in or the college you attend. Over 70 percent of U.S. adults carry some form of debt ranging from credit cards, mortgages and auto loans to student loans and personal loans. If you currently have or plan to take out any form of debt, understanding how interest rates impact the cost of borrowing is crucial to making informed financial decisions. Knowing how interest rate changes affect debt can help you make better decisions about credit and get you on firm financial footing.Not knowing can lead to unpleasant surprises when you get your monthly bills and wonder why your minimum monthly payments keep increasing. There are two primary ways that interest rates affect your debt. The most noticeable effect Show less Read more
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