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.....
Citigroup is preparing to test the local securitisation markets and is hoping to raise between $300 million and $500 million through bonds backed by prime-rated home loans. The issue is expected to be priced at least 150 basis points above the benchmark bank bill swap rate which would be almost 10 times the rate paid for similar raisings before the credit crunch began last year. The last RMBS issue on the local market was $409 million raised by Bluestone using non-conforming loans in December last year. This was priced at 108 basis points above the bank bill swap rate.
