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.....
ANZ Bank says the government should end the government guarantee on retail deposits up to one million dollars and replace it with a financial claims scheme if it wants to end the wholesale bank funding guarantee.The government has already put in place a claims scheme to cover consumer deposits up to $20,000, if an Australian bank were to collapse. ANZ says that limit is too high.In a submission to a Senate inquiry, ANZ said the bank believes that “the deposits guarantee should be replaced by a financial claims scheme with a lower cap as originally proposed by the government. ANZ would be concerned that simply removing the wholesale guarantee without amending the deposit guarantee would give rise to further arbitrate between the two markets."The wholesale funding guarantee has earned the federal government $457.8 million by charging the banks for the use of its credit ratings.
