Consumer Credit Demand on the Rise

Demand for consumer credit rose by 4.1 per cent last year according to Veda, a market research company, in its fourth quarter 2012 Quarterly Consumer Credit Demand Index. Based on the index measurement personal loan applications increased 10 per cent year on year, however, credit card applications declined by 2 per cent with mortgage lending […]

The best method of reducing debt

Many Australians are looking to reduce personal debt and save more but are seemingly unsure how best to consolidate their debts to achieve this. According to Wayne Matters, a financial officer with CPS credit union the decision on whether to use a personal loan or the option of the zero interest balance transfer available on […]

Australians Are Paying Down Credit Card Debt

It seems that Australian consumers are becoming increasingly pessimistic about debt with the latest survey from Dun & Bradstreet showing that household debt expectations dropped as low as 18 per cent during the March quarter from 26 per cent. These findings support a Newspoll survey which sampled 1200 people and revealed that Australians are becoming […]

America’s ‘cheapest’ family

Having survived America’s economic crisis Steve and Annette Economides, authors of America’s Cheapest Family Gets You Right on the Money: Your Guide to Living Better, Spending Less, and Cashing in on Your Dreams, have developed some clever ways to live frugally on a modest income and feed a family on a tight budget. With Steve […]

Defeat Credit Card Debt

According to Zoe Lamont founder of the 10thousandgirl campaign setting a goal and sticking to it is the best way to work your way out of credit card debt. Ms Lamont says the starting point is to manage your budget and get tough with yourself when it comes to spending habits. She says that it’s […]

Find out the ways through which you can repair your credit history

If you have had one or more financial misfortunes in recent times and now you have less than the desirable credit score, then you need to consider going for a credit repair. Credit scores of many Australians have dwindled in recent times because of the effect of the global recession and unfortunately for these people, […]