Record high credit card debt of $49.41 BILLION in May: RBA. Three-quarters of credit card debt is racking up interest
Aussies falling harder into credit card debt
Click to pay is king as consumers embrace bank technologies
Many Australians now pay their bills with a few taps of the finger, as banks beef up their mobile and digital-banking offerings.
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
RBA set to continue rate holding pattern
The cash rate is set to hold at 1.50 per cent when the Reserve Bank Board meets on Tuesday, despite a volatile Australian dollar, sluggish mining transition and mounting global pressures to cut.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.