Debt

DEBT-FREE?

Kiwi expats face arrest on student debt defaults

John Collett Kiwis living in Australia who are overdue with repayments could be arrested on returning to New Zealand.

TIP OF THE WEEK

Time to cut back debt, not lock in more

Up and down: Interest rates can go up as well as down.

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

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.

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.

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.

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.

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.

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.

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...

Mortgages

Don't fall for the mortgage traps

A helping hand: Glenn and Danielle Waterson were delighed wit the deal their mortgage broker secured for them.

David Potts Lender's insurance can cost thousands and actually protects the bank, not the borrower writes David Potts.

INSIGHT

RBA keeps the brakes on - or does it?

Clancy Yeates Rates are getting better if you are in debt, but less favourable for people with savings in the bank.

CREDIT REPORTS

Do you know your credit history?

Mark Bouris Credit reports are a fact of life if you want to borrow money and they can be really helpful, so learn how they work and start planning.

STAYING LOYAL

Not much value in rewards credit cards

False economy: Some rewards cards have such high annual fees that you need to spend more than $40,000 a year on the card just to break even.

John Collett A study shows for most people, credit card loyalty schemes are seldom worthwhile.

BORROWING

Plan ahead when buying first home

Mark Bouris dinkus.

Mark Bouris When interest rates are low, house prices usually rise and first-home buyers can feel shut out of the market. But all is not lost when sticking to a few simple tips: