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.....
Heritage raises variable mortgage rates 8 September 2009
Australia’s largest building society, Heritage, has announced that it has increased its variable mortgage interest rates by 0.15 per cent effective Friday, 4 September 2009. This is a decision that Heritage made reluctantly.Heritage’s decision is a result of increased wholesale funding costs, and passing on the Reserve Bank of Australia’s (RBA) full interest rate reduction of 0.25 per cent in April 2009 (most financial institutions did not pass on the full 0.25% decrease).Heritage has continued to carry the reduction made in April until now and continues to absorb as much of additional funding costs as possible. Despite this increase, Heritage’s interest rates continue to remain lower than the average of the major banks and the majority of other lenders.Changes in repayments are effective from 1 November 2009. Heritage members who are currently paying in excess of their required monthly repayments or have made payments in advance may not need to make any adjustment to their repayment amounts.
