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.....
Suncorp Metway raised its guidance for bad debt charges for the financial year to June 2009, as bad debts in the third quarter increased almost 26 per cent to $1.2 billion. Suncorp also said it was considering setting up a new non-operating holding company structure to more clearly delineate the operating businesses and allocation of capital within the group. Suncorp said impaired assets increased to $1.24 billion at March 2009 compared with $986 million at December 2008.Acting chief executive Chris Skilton said the Australian banking sector had continued to be affected by the deteriorating economy and declining property values. "While we believe our full-year bad debts will be contained at the top end of previous guidance, given the downside risk associated with ongoing economic uncertainty, we think it is prudent to adjust our full-year bad debt charge guidance to the range of 125 to 145 basis points of total loans," Skilton said.
