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.....
Rates are dangerously low says RBA 29 September 2009
The Reserve Bank governor, Glenn Stevens, told the Senate economics committee in Sydney yesterday that interest rates were now at unusually low levels to fight the economic slump.Mr Stevens said it would be dangerous to leave them there as the economy recovered.The RBA will revise its economic forecasts again later this month and is expected to lift the outlook for economy, putting additional pressure on rates.Mr Stevens conceded that the government’s economic stimulus may put pressure on interest rates because it raised total demand in the economy.Cutting the stimulus would tend to hold down interest rates, he said, but only because it would cut future growth.
