MyMoney Online, Make Money Mondays

How to prepare for interest rates that will soon increase again (and again)

(Click here for more personal finance articles.)

The Money Show’s Bruce Whitfield interviewed the Credit Ombud, Nicky Lala-Mohan, for the "Make Money Mondays" feature.

Lala-Mohan spoke about how to prepare for an interest rate hiking cycle such as the one we’re now in.

He also took calls about loan sharks, drowning in debt and debt counselling.

Scroll down for quotes from the audio below.

We’re looking at another 2% rise this year.

Nicky Lala-Mohan, Credit Ombud

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