Craig Bolanos is a financial expert with Wealth Management Group. He joined ABC7 Thursday morning with four things you need to do before the Fed raises interest rates.
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RELATED: Federal Reserve plans to raise rates as soon as March to cool inflation
Step 1: First, you say refinance your home.
Step 2. Refinance your private student loans.
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Step 3: Pay down your credit card
Step 4: Improve your credit score
Bolanos also explained how raising the interest rates can help reduce inflation.