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NOW is the Time to Take Advantage of Low Interest Rates

October 8, 2008 by Miranda Marquit  
Filed under Finance

NOW is the Time to Take Advantage of Low Interest Rates

The big financial news this morning is that the Fed has cut rates to 1.5%. This is part of a global effort to cut rates by 50 basis points, made by central banks in several other countries. The plan is to try and free up the credit markets and get cash moving around the world.
For those of you struggling with credit card debt, you have a great opportunity.
With interest rates dropping, your credit card interest rate is likely to drop as well. This means that more of your payment will go to the principal. It’s the perfect time to aggressively …read more


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