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.....
Research by InfoChoice shows that banks have increased their standard variable mortgage rates by around 1.4 per cent since the credit crunch began in late July last year, however greater flexibility in pricing of business loans has seen those rates jump by 1.5 per cent or more over the same period. While movements in the cash rate by the Reserve Bank account for much of the higher rates, the five largest banks have added between 0.37 and 0.4 per cent to their mortgage rates on top of the official increases as they seek to recover higher funding costs. Over the same period rates on some credit card products have been lifted by more than 2 per cent.
