The total amount of debt on credit cards in Australia has risen to north of 40 billion. This works out to be roughly $4,300 per cardholder and, at a 15-20% interest rate, means the average card user is paying around $700 in interest per year. People with a high amount of credit card debt often …
A long holiday abroad is always an exciting prospect and can keep us going through the long working weeks. Planning a trip in advance is a great way to reduce costs and enjoy the holiday even more once you’re there. A key part of your planning will be deciding how to pay for the trip …
A credit score becomes a very important factor when seeking credit. Although Australians are becoming more aware of their credit profile, a credit rating or credit scale is still not common knowledge throughout the majority of the country. Banks use a credit bureau such as Veda to assess whether you are viable for a particular line of …
Credit cards can be a very useful tool if used correctly and responsibly. They can save you hundreds and thousands of dollars in interest on your borrowing, make you money when in use, protect your belongings when travelling, and improve your credit rating. Prospective lenders will also be more liable to lend you money at …
When we find ourselves in a spot financial difficulty, where do we go to find the best solution? This is a question many of us face at some stage in our lives, and whether it’s looking for a credit card or a loan, there are so many options to compare in the market. It’s very …
It’s very easy to miss a payment for a number of reasons. Whether it’s an honest mistake like cancelling the direct debit by accident, or not having the funds in your account on the day of collection, it’s never a good feeling regardless of the cause. Left unresolved, it could be a costly mistake. You …
Whether it is setting up a password that even you can’t remember or covering a pin number at the local ATM, we all take steps to protect our finances and credit in the real world. Yet, despite our best efforts, we can still be susceptible to credit card fraud. Over one million Australians have been …