6 ways to pounce on low interest rates
While go-go lending was partly to blame for the economy's current financial troubles, ironically, borrowing money may help ease the country out of the downturn. At least that's the thinking behind the Federal Reserve's recent pledge to keep interest rates low into 2013.
If you have a good to excellent credit score and not a lot of debt, you may want to consider ways to take advantage of these historically low interest rates, said Jessica Cecere, regional president for CredAbility, a nonprofit credit counseling and education agency. Here's a look at some smart borrowing decisions to consider while we have low rates.