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.....
Aussies paying off the credit card 18 September 2009
Australians continue to pay down their credit card debt with repayments in July 2009 at $19.839 billion – up $546 billion from June. This reduced total balances by $283 million to $44.569 billion.Total credit card transactions dropped in July. The total number of transactions fell by 112,000 to 127.2 million and the value of those transactions dropped by $266 million to $19.14 billion.Scheme debit remains the driving force behind card transactions. When we compare the value of scheme debit purchases in July 2009 ($2.556 billion) to July 2008, we see an increase of 30.85%.Similarly, the number of purchases increased from the month of July last year by over 7 million or 32.69% to 28.875 million in July 2009.
