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.....
Economists from Macquarie Bank and CommSec are predicting that the RBA’s official cash rate will hit 7.25 per cent by 2012. Taking into account increased bank margins that would translate to an average retail variable mortgage rate of 10.1 per cent. A borrower with an average sized $300,000 home loan who started their mortgage last year at rates of 5.75 per cent would pay an extra $839 per month in repayments if rates went over 10 per cent.
