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.....
Economists and financial markets expect the Reserve Bank of Australia to cut official interest rates by a further 0.25 per cent to 2.75 per cent by August. However, a rate cut in June is rated unlikely with markets putting the odds of such a move at about 34 per cent. Futures market investors expect rates to dip to a low of about 2.6 per cent by October before gradually being raised again through 2010.Many economists disagree with that view and expect rates to bottom out at about 2 per cent and stay low during 2010. Interest rate strategist Rory Robertson from Macquarie Bank said rates could fall below 2 per cent as the RBA seeks to deliver further stimulus to the economy over the next two years. UBS chief economist Scott Haslem says rates will fall to 2 per cent by the end of the year as unemployment rises to 7.5 per cent.
