Headless Man
2 Answers
IamPamela313
Rising the debt ceiling has nothing to do with your personal credit, it's about the USA maintaining our triple A credit rating. Where it does effect your personal credit, is that you will have to pay high interest rates.
| 13 years ago. Rating: 7 | |
Why?
If the USA credit rating goes down, the USA will have to pay a higher interest rates to borrow money. Which in turn will have a ripple effect all across the markets and it will trickle down to us.
If the interest rates would go up that would slow down the economy thus less taxes and less to the government.
Does anyone know what they're doing!
Does anyone know what they're doing!
Headless Man
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