Debt

TIP OF THE WEEK

Why now is the best time to pay down debt, not acquire more

Catherine Robson Rates won't stay low forever - so pay off your debt while you can.

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

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.

INSIGHT

Household debt climbing, but we can take it

Household debt.

Clancy Yeates Australian households have a well-deserved reputation for taking on large amounts of debt - and recent numbers show why.

BALANCE TRANSFERS

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

money cover dog loyalty and credit card


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

MORTGAGE RULES

Pay down that debt to get ahead

SHD News. Generic model house made of money. Photo  Danielle Smith
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Nicole Pedersen-McKinnon Paying down debt is pretty much the top strategy to building wealth; it's often even better than buying shares or investing in property.

Home borrowers paying debt off faster

The first bank to move on mortgage rates will be hit the hardest.

Peter Trute Bank customers are taking advantage of rate cuts to pay off their mortgages faster, rather than reducing their repayments, Commonwealth Bank chief says.

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.

Comments 45

Debt agreements rise to avoid bankruptcy

Bankrupt.

Nearly 50,000 people have used debt agreements in the past five years, resulting in a 20 per cent decline in bankruptcies, according to new figures.

Debt

Cassandras poised as debt sales surge

A trader at the Chicago Board of Trade Dow Pit.

Harry Wilson Sales of high-yield debt – or, as they were once known, junk bonds – have exploded this year, raising fears that the world is setting itself up for another crash.

BORROWING

Debt pain for business hurts us all

Mark Bouris

Mark Bouris The biggest financial news for most Australians in the past two years has been the falling cash rate and decreasing mortgage rates.

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.

In shadow of debt, debit reigns

Plastic fantastic.

Peter Martin We are abandoning credit cards but embracing plastic as never before.

Comments 4

A stronger hand needed to stop debt traps

A finger caught in a mouse trap - much like the debt trap that affects many people.

Annette Sampson If there was ever any doubt that a big regulatory stick needs to be taken to the pay-day lending industry, it was well and truly quelched by a recent landmark decision in the Queensland Civil and...

OFF THE PLAN

Developments for the early bird

Couple reviewing blueprints property

Emily Chantiri Early investment in a new property development can be a wise financial move.

ASK NOEL

Once bitten, should I shy away from buying?

Which way now?: Investors with a bit of cash to spend are best served by doing some thorough research on the areas where they are looking at property.

Noel Whittaker I am in no rush to buy back in, however feel that the longer I wait, the further the market is getting away from me.

INSIGHT

Investors hit by slower rent rises

Bricks and mortar: Investors need to remember the property market is cyclical.

Clancy Yeates There are growing signs that conditions are becoming less favourable for property investors.

FIRST HOMES

Loan the best way to lend offspring a hand

Toy keys key plastic generic toys.
Picture  by ISTOCK

Max Newnham Buying a first home is difficult for many young people. There are a number of ways parents can help.

BORROWING

Special rates aim to lure you in

Know the difference: It's important to know  the true, long-term costs of a loan before committing to it.

Mark Bouris There’s something of a home loan ‘'rate war'’ going on at the moment, which can be great for borrowers. But it also creates pitfalls for the unwary.

Low interest rates distorting decisions

Use judgment: Make sure you are not overstretched should interest rates rise.

Daryl Dixon Investors need to be conscious of the risks of borrowing more than they can afford.