Study: How Have Borrowers Made Out Since the December Rate Hike?

Borrowers on the whole were able to accommodate the interest rate hike initiated by the Federal Reserve in December, with most successfully continuing to manage their monthly payments after the rate went up, according to a recent analysis by credit reporting agency TransUnion. Of the 63 million borrowers assessed in the analysis—borrowers whose monthly payments are affected by the market rate—just one million became delinquent three months following the rise.
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