Money Management : How Do Interest Rates Works?

453 views · Published 24 January 2009 · 1:17 · Indexed 20 September 2026

Channel: ehow · 2009 · Howto & Style

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Interest rates work by allowing banks to make money off of consumers for loans and debts. A lower interest rate will allow a consumer to pay off a loan more quickly and with less money. Obtain low interest rates on loans by having a good credit score and using advice from a registered financial consultant in this free video on interest rates.

Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC

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