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.....
Each adult Australian made, on average, about two credit card purchases per week in June according to the latest statistics from the Reserve Bank. However the actual amount outstanding on our credit cards that is attracting interest has fallen significantly, from 72 per cent of the total amount outstanding in December to 70 per cent in June.Debit card use is also growing, up 17 per cent over the year. Cash advances made from credit cards has fallen 9 per cent this year and 16 per cent over the last two years.Commonwealth Securities economists Savant Sebastian said Australia is in a new era of consumer conservatism. “We’d rather use cash than run up debt.”
