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.....
The governor of the Reserve Bank issued a short statement accompanying the rate rise yesterday which made it clear there were more rises to come.While the commonwealth treasury believes economic growth will be weak in the coming year, the Reserve Bank says growth will be close to trend.That forecast is believed to support the RBA’s plan to return interest rates to a ‘neutral‘ setting of about 5.0 per cent. Currently the official cash rate is set at 3.5 per cent.A 5.0 per cent cash rate will push the standard variable mortgage rate to 7.75 per cent and add $380 a month in repayments to the cost of servicing a $300,000 mortgage since this round of rate rises began.
