Thursday, September 22, 2016

TransUnion: Rate hike could cause payment shock for 9M borrowers

TransUnion’s latest study shows the results of a rate hike on consumers, should the Fed ever decide to raise interest rates [not today, obviously]. While nine million could be looking at a payment shock that they can’t absorb, the rest of consumers, while possibly getting a small monthly increase, will be relatively unaffected, unless…

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