If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Credit cards and gambling causing bankruptcy 26 March 2009
The rate of people filing for personal insolvencies has increased by more than 200 per cent between 1990 and 2008, while the population has increased by 24 per cent.According to a study by the University of Melbourne, excessive use of credit is the major cause of non-business related bankruptcies with 55 per cent blaming this reason for their insolvency in 2008. Other common reasons were ill health (12 per cent of non-business related bankruptcies in 2008) and gambling (4.3 per cent of non-business related bankruptcies in 2008, triple the rate of 1997).Bankrupts are also far more likely now to be professionals and are more likely to be aged more than 45.
