2007-12-10 06:51:11 · 2 answers · asked by js142004 2 in Business & Finance ➔ Other - Business & Finance
Increase in interest rates --> increase interest rates of auto loans, home equity, and credit card --> less disposable income --> people has less money to spend shopping --> decrease in retail sales
2007-12-10 07:02:19 · answer #1 · answered by imisidro 7 · 0⤊ 0⤋
Credit cards are maxed out for most card holders.
Many are paying premium interest rates, as high as 30%. OUCH!
It's a death knoll.
Autos being financed 5-7 years. Owners can't afford to maintain them and the note balance is more than the worth of the auto.
Go figure.
2007-12-10 07:01:27 · answer #2 · answered by ed 7 · 0⤊ 0⤋
Get free rates
2014-12-30 10:08:35 · answer #3 · answered by ? 1 · 0⤊ 0⤋
Try http://goo.gl/OXS1Z4
2016-07-19 12:38:31 · answer #4 · answered by Brande 5 · 0⤊ 0⤋