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.....
The Reserve Bank of Australia Board is likely to put interest rates up again when it meets today (Tuesday) in Sydney. This morning, credit markets were rating the chance of a 25-basis-point rise at 70 per cent. Five rate rises of 0.25 per cent each since October 2009 have added about $240 to the average monthly repayments on $300,000 home loan.A rate rise of 0.25 per cent today would take the official cash rate to 4.5 per cent and many retail mortgage rates above seven per cent. Recent data, such as inflation at 2.9 per cent and export price growth at 4 per cent, suggest the Australian economy is growing at a faster clip than many forecasts had predicted. That data is expected to weigh heavily on the RBA.
