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.
.....
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.....
Rate rises to cost $500 more per month 27 May 2010
The Reserve Bank of Australia is likely to raise interest rates four or five more times within the next 12 months, says a new report from the OECD. The OECD’s Economic Outlook report predicts the RBA will raise its cash rate from its present 4.5 per cent to 5.1 per cent by December and then 5.7 per cent by next June.That increase would push up standard variable mortgage rates from an average of 7.4 per cent to 8.6 per cent. That would add an extra $238 to the monthly cost of servicing a typical $300,000 mortgage and $318 to the cost of servicing a $400,000 mortgage. The total extra costs since rates began rising from October 2009 would be $540 a month for a $300,000 loan and $720 for a $400,000 loan.
