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 to know everything about you 15 October 2009
New privacy laws being proposed to be introduced next year will allow banks and other lenders to see a credit applicant’s entire financial history of all loans, cards and credit including complete repayment record going back two years.Currently only defaults are listed on a consumer’s credit reference file. Under the new law even a late payment of a utility bill will be noted in a consumer’s credit reference file.Russell Evans from Veda Advantage said that bill payments as little as one month overdue could result in a negative listing on a credit reference file.Banks say they need the information to comply with new responsible lending laws that are due come into effect in January 2010.
