The credit system and the impact of interest rates on economic processes

Given the volatility of interest rates, the growing debt burden of the population and businesses, the importance of financial literacy is necessary to justify financial opportunities. The most important aspect of the study is the need to form individual financial risk management strategies to protect the interests of borrowers. The level of interest rates in the financial market serves as an indicator of economic activity and is applicable to various methods of economic regulation. The existing variety of credit schemes makes possible an individual approach to each borrower, depending on the financial status and objectives of the loan, providing flexibility in the implementation of activities, as well as the expansion of strategic initiatives of business entities, which determines the relevance of the topic. The analysis of the area under consideration will significantly develop the skills of critical analysis and improve the quality of financial decisions of borrowers in conditions of economic instability.