Rising interest rates are a sounding an alarm for consumers in debt. If you have a credit card balance or a variable loan, and mortgage loans. The rising interest rates means that you will pay more over the life of the loan. Last year, credit cards increased 9.4 percent reaching $3.5 trillion dollars. Credit card delinquencies are climbing and may signal the time to find zero percent credit cards. Credit card balance transfers will allow additional time to pay off debt before interest rates resume with a lower balance owed. The error of low interest rates may not return any time soon and consumers must prepare for what is ahead to avoid paying more that they should.
http://finance.yahoo.com/news/rising-rates-sounding-alarm-bells-090000018.html
Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.