3D60 Reviews

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When interest rates rise, many people have a tendency to panic about how they will manage their money and how they will cope with the increase in outgoings that they will have. If you have a lot of loans or owe a lot of money, then it could have an impact on you. The first thing to do is not to panic. If the rate rise is small then it may not have a significant impact on you anyway. Lenders are likely to increase their rates in line with the increase in Bank of Emgland base rate but they do not have to, so you may find that not all of your rates will go up and they may not go up as much as the bank rate has. It is wise to be prepared though, hope for the best and prepare for the worst is a good motto.