Credit Cards

Borrowing tips for self-employed, contractors

Mark Bouris Contractors and the self-employed face more obstacles than wage earners when it comes to home loans. Here's how to make the process easier.

BORROWING

Banks bet on more credit card debt

More the merrier: Banks enticing cardholders with sweetners.

Clancy Yeates Lenders are pulling out all sorts of tricks to boost spending on credit cards. But watch out for the inevitable catch.

CREDIT CARDS

Pay off full balance on time to avoid backdated interest

Stack of credit cards / card
bank card pin

John Collett It's all there in the small print - but customers who pay off most of their debt face getting hit with all of the interest payment.

CREDIT SCORES

Good records lead to better loans

House with dollar coin

John Collett Solid credit scores could help you get a cheaper mortgage if Australia follows the US.

CREDIT CARDS

Dumb debt can rack up interest costs

Credit card debt.

David Potts It's more about when, rather than where, the credit's due that should worry you.

MORTGAGES

Beyond the big four banks

Karl Hilzinger colour cartoon.

Christine Long Love to hate the major banks? Three alternatives seek to challenge the status quo.

BALANCE TRANSFERS

Forget loyalty - card switching can help you get on top of debt

money cover dog loyalty and credit card


09money.jpg

Christine Long Need some breathing space from heavy interest charges on your credit card debts? A balance transfer deal could be the answer.

REPORTING

Providers to be able to share your credit history

TELSTRA:970914:Save as GENERIC:Pix by QUENTIN JONES:..
 Telstra / Phone Bill / Overdue Account /Phone Account.

Penny Pryor Skip a payment, repent at leisure - from next month your past will become more public.

BORROWING

Stability helps secure a loan

Mark Bouris dinkus.

Mark Bouris Here are my top tips to ensure first-time mortgage borrowers can secure a loan.

FINANCIAL STRESS

Be cautious, first-timers urged

First home buyer.

John Collett With a threat of mortgage interest rate rises in the near future, home buyers are asked to tread carefully.

Christmas debt looms as gift that keeps on giving

Dont be stuck with credit card debt.

Almost a third of Australians admit to feeling pressured to spend more than they can afford, a survey says.

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CREDIT-CARD DEBT

Plot a path to turn red into black

Credit Card Debt.

Christine Long Sticking to a straightforward strategy is the key to defeating credit-card debt.

INSIGHT

No respite in interest rates on the cards

Clancy Yeates If you think banks gouge their home-loan customers, spare a thought for the people paying credit card interest.

CREDIT CARDS

Watch out when passing the buck

Kate Jones Credit card holders are using an increasing number of additional credit cards to shift debt, a survey has found.

BORROWING

US households borrowed $20bn in May

Credit card.

Consumer borrowing in the US climbed in May by the most in a year as Americans put more purchases on their credit cards and took out more school and automobile loans.

Mortgage rates best at mutuals

Mortgage

Mutuals are trumpeting official statistics that they say show they are growing faster than the big four banks.

Bank customers act against St George, Bank SA

St George and Bank SA are the latest Australian banks to be taken to court by customers angry at the fees they are charged.

Return of traditional mortgages

house

Volatile investment markets and question marks over property values are making line-of-credit loans less popular and potentially harder to unwind for those who have one.

Plastic debt swells to record $50 billion

Inflation, balloon, hot air balloon, rising prices

Clancy Yeates Australian credit card debt has struck a new record high of $50 billion, ballooning by almost a third in the past five years.

Customers not happy with banks

Complaints.   Man yelling over the telephone.

Eric Johnston Disputes between borrowers and their banks surged nearly 30 per cent last financial year.

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