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.....
Variable rate mortgages going up 30 September 2009
While the major lenders have so far held off raising rates, a couple of small regional lenders have not been able to hold their standard variable mortgage rates down any longer.Tasmanian building society B&E Limited has joined Heritage Building Society in bumping up rates on their standard variable home loan product.Chief executive officer Paul Ranson says he tried to hold off as long as possible but eventually was forced to raise rates by ten basis points.“We have had our rates under review for a while and we didn’t adjust when the CBA did; we held off then but the rising cost of retail deposits in particular has meant that we couldn’t really avoid this move. Still we have still kept our rates in the competitive range – we are sitting in the middle of the big four.”B&E’s standard variable mortgage rate is now set at 5.77 per cent, with a discounted rate set at 5.19 per cent for loans over $250,000.
