MANCHESTER, N.H. —

In September, the Federal Reserve announced a quarter-point cut to short-term interest rates, a move that could bring small changes to some financial statements.

If you carry a balance on your credit cards, you might notice a slightly lower interest rate.

However, Ted Rossman, a senior industry analyst with Bankrate, said the difference may not be obvious on your monthly bill.

"If you have the average debt load, which is more than $6,000, if you're making minimum payments, that monthly minimum payment changes by $1 a month," Rossman said. "Credit card rates are so high that honestly, even if that rate fell two or three points, which could take years, it would still be high-cost debt."

Consumer Reports said you could save money on interest by working with a credit un

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