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.....
Ninety thousand new home owners are expected to lose their homes as a result of rising interest rates. The Reserve Bank of Australia has raised official interest rates in six steps since October 2009 from 3.0 per cent to 4.5 per cent. Standard variable interest rates are well over seven per cent from most major lenders. 270,000 people have entered the housing market since June 2008.Fujitsu Consulting estimates that up 40 per cent of those people may be forced to sell their home because they haven’t budgeted for rates to go up as far or as fast as they have over the last 6 months. Fujitsu Consulting’s executive director Martin North said that for 95 per cent of people in mortgage stress the only way out was to sell the house.
