, Follow Us Frontpage Topics Editorial Staff Archives Subscribe Credit.com Credit Cards for Good Credit Credit Cards for Bad Credit Secured Cards Debit Prepaid Cards Credit Reports Loans If the Debt Ceiling Isn’t Raised , Your Credit Card’s Interest Rate Will Be by Beverly Blair Harzog on 07 26 2011 The folks in Washington are doing a lot of grandstanding about raising the debt ceiling . I’m all for fiscal responsibility , but what the politicians aren’t grasping is what happens to all of us regular people” if the ceiling isn’t . raised If the U.S . defaults , it’s predicted that our AAA credit rating goes down . Should that happen , the U.S . would then have to pay more to borrow money . This makes sense , right If you , the consumer , don’t pay your bills , then your credit score goes