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.....
Rising costs of funding could lead to banks raising interest rates on retail mortgages and other lending. The market for credit default swaps (CDS) hit a six month high for sovereign debt last week which suggests that investors are increasingly anxious about lending on global markets.CDS spreads of the big four banks - Commonwealth Bank, Westpac, ANZ and NAB - have also widened to more than 90 basis points, their highest levels since August last year. The big Australian banks get about 40 per cent of their funding from global debt markets. Markets are clearly concerned about the large debt problems of several European countries, Greece in particular.
