In other words, if the consumer's index rate goes up, the lender can raise the rate by the same percentage. Many sources of information are available on credit options. Your local newspaper has information on credit rates in your area. Also, nationally circulated newspapers frequently make financial information a highlighted feature. There are also many personal finance publications and newsletters, such as Kiplinger's Personal Finance Magazine , that provide professional insight and recommendations on various credit issues.
Consumers can also find a wealth of financial information on the Internet.
Many editions of local newspapers are also available online and contain valuable information on local economic news. Exercises First, complete all exercises assigned by your instructor. Then, complete any additional activities that will help you achieve the learning objectives of this lesson. This is the most useful information for comparing costs of loans. The Rule of 78s illustrates the fact that early repayment of a loan favors borrowers over lenders.