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.....
Official interest rates are expected to rise by three per cent over the next three years said Westpac chief economist Bill Evans. In a report to Westpac Private banking customers, Evans said the bank now expects the Reserve Bank rates to start raising rates in early 2010 and those rate rises to total about 1.0 per cent in 2010. Currently official interest rates are set at 3.0 per cent.Financial markets are pricing in expectations of rate rises before the end of the 2009 and for rates rises by the Reserve Bank to add about 1.5 per cent by mid 2010. Westpac is now predicting that official rates will hit 6.0 per cent by December 2012 and to stay at that level for at least 12 months.
