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.....
Think before leaping on fixed rate loans 8 January 2009
Homeowners with fixed rate loans stuck at a high interest rates should not panic and try to break out of the loan. Break fees are often prohibitive and there are other ways to reduce costs says loan experts.Smartline Blackwood mortgage adviser Cathy Anderson says 'Choosing a fixed rate is often an emotional decision. Most people fix because they fear not being able to make the repayments should rates increase, and want that security of knowing exactly what their repayments are.ÂAnderson says borrowers should instead investigate whether their lender will allow them to make extra repayments , which would effectively bring the rate down. 'If you have a $250,000 home loan at a rate of 8.29 per cent and make your standard payments with an additional lump sum of $5000 each year as your lender allows, this reduces the effective rate of the fixed loan to 7.66 per cent.'
