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.....
Consumer demand for credit flattened in the June 2008 half, according to the latest Veda Advantage consumer credit demand index. Consumers made 3.26 million applications for personal loans and credit cards in the six months to June, an increase of just 0.5 per cent over the June half last year. Veda said personal loan applications were down 4.3 per cent in the June half compared to the first half last year. Personal loan applications in the June quarter were down 2.7 per cent on figures for the first quarter of the year. Credit card inquiries in the June half were up 4.6 per cent over the June half last year – an extra 80,000 applications. Veda said credit cards were associated with the highest number of defaults. In the June quarter the average credit card default was almost $7,000. The average personal loan default was $9,000.
