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.....
Consumers and businesses stop borrowing 1 May 2009
Annual credit growth slowed to 4.9 per cent in March according to figures released yesterday by the Reserve Bank of Australia. Private sector credit outstanding grew 0.1 per cent in March compared with market expectations of 0.3 per cent. Business and consumer lending was down with only lending to buy a house driving the mild growth rates."The main drag on credit growth in March was again a sizeable contraction in business lending," said JP Morgan economist Helen Kevans, "The pool of outstanding credit to businesses should shrink further, given anecdotal evidence that investment plans are being put on the back burner."
