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.....
NAB and Westpac face tough debt markets 22 September 2008
Australian banks have $37 billion in bonds maturing over the next six months on international money markets. In current debt market conditions the banks may face problems refinancing or rolling over that debt. The bank with the greatest refinancing task is NAB, with nearly AUD$11 billion of bonds maturing, but Westpac is close behind with almost AUD$10 billion of maturities. The banks also have AUD$8.7 billion of bonds maturing in the domestic market, over the same period. This data has been compiled for Australia's six largest banks and Macquarie, and it needs to be viewed in the context of a known 2009 funding requirement of between AUD$20 to $30 billion for each of the big four banks alone.
