This is bad because with a poor rating you can not get low interest bank loans. (mortgagebrokerstore.com)
Much like high interest bank accounts, certificates of deposits and money market accounts can also gain a higher return when the interest rates go up. (mymoneycounselor.com)
The amount you pay each month will depend on the rate of interest the bank charges but for the sake of this illustration that is beside the point. (lifeinsurancehub.net)