Credit Card Blog

Aussies angry over credit card rates

Headline: Aussies angry over credit card rates

Over eighty per cent of people surveyed were upset the recent series of Reserve Bank interest rate cuts were not passed on to credit cards, according to credit card Finder (http://www.creditcardfinder.com.au).

More than half are calling for the Australian Government to create a ‘people’s bank’ to rival the big four banks.

Credit card debt in Australia has reached an all-time high of 42 billion dollars.

But half of those surveyed say that they hardly ever have problems because they always pay off their balance in full.

Most people still apply to their existing bank for a credit card, with only six per cent using comparison sites.

Source: Sky Business News http://www.skynews.com.au/national/article.aspx?id=368190&articleID=780640

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A great debt consolidation tip is to limit the number of credit cards accepted and keep the balances to at least a 50 percent extension. Learn about limiting the number of credit card you have from a registered financial consultant (RFC) in this free personal finance video.

Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC

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Expert: Stephen Fawehinmi
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Filmmaker: Dimitri LaBarge

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