Interest rate as a part of a financial process Credit Repair Nerds Wisconsin

The Federal Open Market Committee is the Federal Reserves primary monetary policy making body. 
 The Federal Open Market Committee sets the Federal Fund Rate.  This is the interest rate the Federal Reserve charges for short term loans across participating lending institutions.

The Federal Fund Rate is given as a range.  The Federal Reserve essentially facilitates over night loans between large institutions as a way to insure depositors have access to their money.  National Banks and large lenders use the Federal Fund Rate to craft a prime interest rate.  The prime rate is an interest rate the lending institution charges their most credit worthy customers.

The annual percentage rate is the cost of credit expressed as a yearly rate.  As the Federal Open Market Committee raises the Federal Fund Rate , large institutions raise the prime interest rate, and community credit institutions follow raising the annual percentage rate. 

The annual percentage rate on a credit card is the interest the consumer pays on borrowed money, stated as a yearly rate.  This is interest you pay if you do not pay your full statement balance at the end of each month. 

Consumers can now see that multiple credit industry organizations collaborate to determine the rate an individual pays for borrowing money.  The higher the Federal Fund Rate the more a consumer will pay to borrow money.  The lower the consumers credit score the more the individual will pay to borrow money.

Credit Repair Nerds Wisconsin https://homecarepath.sharepoint.com/Pages/CreditRepairNerdsWisconsin.aspx  works with a consumers credit information to fix reported history and improve scores.  We are in the business of managing your credit report to improve your borrowing outcome. 

Home Care Path celebrates 5 years of successfully serving seniors in  Central Wisconsin

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 Home Care Path  www.homecarepath.com and the Wisconsin PATH ALONG model deliver an advanced supportive care service.  Helping seniors in the home, with clinic visits, at the hospital, nursing home and assisted living facility.  Helping seniors downsize with a move in to an adult child's home. 2015 rates are 20.00 per hour.  Simply call 608-432-4286 to schedule an interview.  We can be there when you are working.  We accept long term care insurance.  Services can be tax deductible.  Help with resources and the transition from private payment to public funded programming.  Valuing home and human life