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.....
Rate rises blamed for poor economy 4 December 2008
The Reserve Bank's interest rate rises early in 2008 are being blamed for weak results in the September quarter national accounts. Non-farm gross domestic product contracted by 0.3 per cent in the three months to September according to figures released yesterday. Interest rates hit their peak during the September quarter with banks adding their own unofficial rate rises to those of the Reserve Bank earlier in the year, lifting standard mortgage rates to 9.6 per cent. Total household interest costs in the quarter of $26 billion were 27.5 per cent higher than a year ago.
