Have you racked up some debt on your credit card? Feeling worried and wondering how you will ever pay it off? You’re not alone. According to a Finder survey, there are 16,089,500 credit cards in Australia as of June 2018, netting a national debt accruing interest of $33 billion – That’s a lot of debt. There’s a… Read more
Articles tagged credit card
Credit Card Hangover
Christmas spending takes it’s toll when January rolls round the bell starts ringing …. Have you just received your statement for December? Did it make you cringe? You are not alone. Thousands of Australians are in the same boat trying find a way out this month …. Here’s our New Year Checklist for… Read more
More than 20,000 Australians led to bankruptcy in 2013
To blame was unemployment and excessive use of credit. Vanessa Hall declared herself bankrupt at just 20 years old. She had accumulated $8,000 in credit-card debt and couldn’t see any way of paying it off. “I was travelling and living away from home, so I lacked support and I made the decision off my own… Read more
Credit Cards: Check the Terms and Conditions to Avoid Bad Surprises.
Are your credit card’s payment terms and interest rate making debt reduction an impossible task? Have you ever missed a payment on your credit card and had to deal with unexpected consequences without prior notice from your bank? Banks conduct regular reviews on your credit card limit and interest rate, based on a number of… Read more
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