The results of a recent survey have shown that the majority of credit card holders in Australia are not happy about the interest rates that they are being charge, viewing them as unfair.

According to the results of a recent survey that was carried out amongst credit card holders in Australia, the vast majority of cardholders think that they credit card interest rates that are being charged by providers are hugely unfair. The survey involved polling nearly five thousand consumers in Australia and almost eighty percent thought that the credit card rates being charged were unfair.
Read the rest of this entry »

It has been announced that a popular social networking site is now offering prepaid Visa cards to teens in Australia, giving them more freedom when making purchases.

For younger teens in Australia and around the world making purchases of any sort usually involves using cash, and this is because they cannot use tools such as credit cards and debit cards. This makes it difficult for younger consumers to make purchases using popular methods such as online or by phone, which can prove to be very inconvenient.
Read the rest of this entry »

Figures that were recently released by the Reserve Bank of Australia have shown that there was a jump in credit and charge card spending for the month of June in Australia.

Whilst many recent reports have suggested that consumers in Australia are becoming far more stringent when it comes to spending on their credit cards due to the financial crisis, figures that were recently released by the Reserve Bank of Australia have shown that for the month of June there was a jump in the level of spending on credit and charge cards.
Read the rest of this entry »

Industry experts have expressed concern over the financial stress that Australian homeowners will face if interest rates go up by one or two percent.

In the current economic and financial climate in Australia many homeowners are relieved that the base interest rate is currently low, as this reduced the chances of them falling behind on their mortgage repayments and facing losing their homes. However, industry experts have recently expressed concern over what will happen to these homeowners in the event that interest rates rise by one or two percent.
Read the rest of this entry »

A recent report has suggested that an increasing number of Australian homeowners and would be homeowners are now opting for fixed rate mortgages for fear of rates going back up.

Over recent years many homeowners and property purchasers have opted for variable rate mortgages, so that they could benefit from interest rates going down as and when this happened. However, according to a recent report more and more homeowners as well as would be buyers are now looking at fixed rate mortgages, as many want to protect themselves against rising interest rates.
Read the rest of this entry »