Debt

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.

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.

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...

GETTING STARTED

Cheaper to rent than buy? The debate continues

Property costs: the costs of owning a house are estimated to be higher than those of renting.

David Potts A recent paper suggested renting a home is now cheaper than buying. But it's not that straightforward.

Interest rates at the right setting

Mark Bouris dinkus.

Mark Bouris We owe far more than we earn, but is there any need to restrict the housing market?

GETTING STARTED

Why we all need to give a damn about the less well off

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Penny Pryor Helping break the poverty trap for people with small interest-free loans, will benefit the whole country in the long run.

BORROWING

How to cut your mortgage in eight steps

Mark Bouris dinkus.

Mark Bouris Could you save money on your mortgage? Ask yourself some simple questions to find out.

GET AHEAD

Take a ride on the low-interest train

Mark Bouris Take advantage of the cheap cash-rate environment while it lasts.

FIGHTING BACK

Bankruptcy effects long-lasting

Vanessa Hall declared herself bankrupt at 20.

Christine Long At just 20, Vanessa Hall declared herself bankrupt. She's still paying for that decision.

RATES

Bond boom pulls down rates as banks sit pat

David Potts dinkus.

David Potts The truth is the market is becoming less convinced there'll even be a rise next year.