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.....
Borrowers turn against fixed rates 15 October 2009
Fixed rate loan demand dropped from 7% of new home loan approvals in August to less than 5% in September according to Mortgage Choice senior corporate affairs manager, Kristy Sheppard.“Demand for fixed rates hasn’t reached such a low level since April this year. Given the vast majority of fixed loans are priced between 100 and 250 basis points above variable loans, the result is not surprising, despite most borrowers being aware of imminent rate rises. Every state recorded a fall in demand for fixing.""On the other hand, the popularity of variable loans nationally increased from 93% of all loans in August to 95% in September.T"he most popular loan types overall were basic variable, leading the way at 45% of all new home loan approvals, standard variable at 30% and special variable at 14%."This tells us that recent Australian borrowers are more comfortable with interest rate rises than they are with paying extra to fix their rate."
