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.....
Banks go to Canberra for crisis talks on guarantee 23 October 2008
The chief executives of the Commonwealth Bank, Westpac, National Australia Bank and ANZ met with prime minister Kevin Rudd and commonwealth treasurer Wayne Swan on the crisis in financial markets last night. Money rushing out of unguaranteed cash management trusts and other funds into guaranteed bank deposits had turned into a "flood" on Wednesday said senior bankers. Australian Financial Markets Association said foreign banks with local branches not included in the Federal Government's guarantee, had bled "hundreds of millions of dollars" in the past two weeks. APRA executive general manager Wayne Byers said the authority was monitoring the shift of funds. The RBA is thought to favour a threshold for free guaranteed deposits of $500,000 to limit the widespread dislocation that is occurring in the financial system, however that is unlikely as the government has already committed to free guaranteed deposits of one million dollars.
