Many people don't give a lot of thought to their credit score until they need to borrow money. When you apply for credit, a lender will take into account your existing credit score to determine whether you are a high risk customer and how much money they should lend you. If they deem you to be high risk you could potentially be hit with higher interest rates or a straight-out refusal of your application.
When you have a less than average credit score, searching for a credit card can feel like dodging an ‘approval’ mine field. However, you can still apply for a credit card online or in a branch with bad credit, and there are still credit card providers who will approve you – you just have to do your research first.
Spreading your debt across different credit cards will only make it harder for you to manage, and means you will be accruing more interest rate charges. If you are feeling stuck between a rock and a hard place and want to break your credit card debt, consider consolidating your debt into one.
What do Mike Tyson and Donald Trump have in common? Bankruptcy can be declared for any number of reasons, and this just goes to show that no one is immune from financial trouble.
RateCity has compiled a list of ten budget travel tips for an insanely affordable holiday.
Many people love the convenience offered by credit cards. Rather than saving up cash over time to make a purchase, you can use your card to buy right now.
One popular piece of travel advice is to try and blend in overseas, and avoid looking like an obvious tourist. Not only can this help you appreciate the cultures of the places you visit, but it may also help you avoid some of the problems that some tourists experience while travelling.
^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.