New Reserve Bank data shows drop in credit card transactions and rise in debit cards. Credit card rates increased more than 3 times RBA cash rate in 2 years: RateCity.
Housing slump brings opportunity to homebuyers
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.
Further rate hikes a sign of what's to come'
The Commonwealth Bank is the latest lender to lift interest rates for homebuyers looking to fix their home loan, raising rates on a number of fixed products.
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.