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.....
NAB lost market share in residential lending eight quarters in a row to March 2008 according to State of Play, a quarterly comprehensive analysis of the mortgage market in Australia published by Infochoice and The Sheet. Commentary last week by Commonwealth Bank and Westpac suggests that NAB may still be growing more slowly than system over recent months even though the market share of mortgage managers and lenders dependent on securitisation has crashed. It isn't clear if NAB's commitment to cut variable rates will apply to loans marketed under the Homeside banner (through brokers), or whether the bank will retain the discount off the variable rate (often around 70 basis points) that is common on larger home loans. The NAB decision goes against the grain of the posturing by several other banks over recent weeks, and also runs contrary to forecasts on funding spreads cited yesterday by Fahour. Some sources suggest that Australia's Treasurer, Wayne Swan, was blunt in the government's objectives on banking policy in private briefings with key bank executives earlier this week, and the consequences for non-compliance. It's also worth noting that Fahour was careful to decline to commit to cut home loan rates by 50bps next month if the RBA cuts rates by that much.
