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.....
Westpac and St George have followed the other major banks and announced further cuts to standard variable mortgage interest rates. Westpac will reduce rates by 0.20 per cent from 8.56 per cent to 8.36 per cent. St George has announced a cut of 0.21 per cent to take its standard variable rate to the same level as Westpac's at 8.36 per cent. Westpac is in the process of acquiring St George. St George said the cut would save borrowers with a $250,000 mortgage over 30 years about $37 per month. NAB's Australian chief executive Ahmed Fahour said further cuts in rates were possible since the government's recent policy measure had eased pressure on the credit markets.
