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Homeowners do not understand impact of increasing interest rates

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  • Homeowners do not understand impact of increasing interest rates

    According to the recent Personal Credit Index survey from CreditExpert.co.uk, the online credit report monitoring service from Experian, mortgage holders are clueless when it comes to the financial impact of increasing interest rates.The survey said that 70% of homeowners miscalculate and misunderstand what effect rising rates will have on their monthly repayments.Out of those questioned, [...]

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