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.....
Standard & Poor's reported that arrears on the mortgages underlying prime Australian RMBS had risen to 1.58 per cent of the value of home loans surveyed by the ratings agency, the highest level since monitoring commenced in January 1996. Similarly, arrears on the mortgages underlying sub-prime Australian RMBS had risen to 16.11 per cent, the highest level in almost eight years. However, looking at simple percentages can be misleading.It is more instructive to look at arrears in absolute terms. According to S&P's figures, arrears on prime RMBS peaked at just over $2.0 billion at the end of March 2008 and by the end of October were little changed at just under $2.0 billion. Arrears on sub-prime RMBS peaked at just over $1.0 billion at the end of May 2007 and have since dropped by more than 26 per cent.
