There has been much talk about the state of the economy lately, about how the effects on Wall Street will eventually hurt those on Main Street.
Today, I had my first instance of seeing this on a first-hand basis.
A client had a last minute change to their ad copy. Due to the state of the economy, they were no longer able to offer “No Interest” financing for their scheduled promotion.
I remember purchasing a new TV about two years ago. Best Buy had a promotion where you could open a Best Buy credit card account, and the TV purchase would be interest free for two years. It appears that deals such as those, 0% interest on auto purchases, etc. are going to be off the table for quite a while.
