Credit crunch weighing down on Iowans - KWWL - Eastern Iowa Breaking News, Weather, Closings

Credit crunch weighing down on Iowans

IOWA (KWWL)-- As the nations credit crunch begins to trickle down, Iowans applying for credit are having a tougher time when dealing with terms.

Those with less than perfect ratings are finding difficulty in getting a loan and those that do are facing higher interest rates regardless of their credit rating.

The average Iowans' consumer debt has risen 5.3 percent since last August. That is in line with the national average rise of 5 percent.

Online Producer: Michelle Caldwell


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