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.....
Housing debt is our achilles heel 22 February 2010
Total housing debt is set to reach $1 trillion within a year. Reserve Bank of Australia figures show total housing debt was $910.1 billion in December, up 17 per cent in 12 months.Economists expressed concerns that housing debt may be growing faster than household income. "It's a worry that we have such a high level of household debt. Over the past 20 years we have gone from the low end of comparable countries to the high end," said AMP Capital Investors chief economist Shane Oliver.Oliver says the rapid growth of housing debt could be Australia's "achilles heel" if there was a big rise in interest rates or unemployment.
