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.....
Big banks 'unconcerned' about mortgage defaults 8 December 2008
The number of problem mortgages and loans could triple according to the financial regulators. The big banks continued to make low doc and risky loans in the face of rising defaults and mortgage stress during the last six months of last year according to documents obtained under freedom of information laws. In briefings to the Reserve Bank, the big five banks appeared to be unconcerned about rising defaults in western Sydney in particular. As smaller lenders retreated from the mortgage market, the big banks continued to try to build market share by issuing loans to risky customers says the documents from the RBA. As recently as February the banks said they were fairly relaxed about rising arrears caused first by rising interest rates and then by fallout from the global credit crisis.
