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.....
People who leave their money in low or no interest transaction accounts are doing their bank a big favour. Reserve Bank and Australian Bankers Association data indicates that $126 billion or nine per cent of all bank funding for their lending comes from money held in transaction accounts which attracts little or no interest and therefore costs banks very little. As interest rates rise the money held in transaction accounts becomes more valuable and are truly “rivers of gold” for the banks.
