Many households set to benefit from the federal budget. Tax payers should use their savings to get ahead of their debts. RateCity’s tips on making the most of your extra savings
Make the most of the federal budget
Rates to hold in December, before rising in 2017
Official interest rates are poised to hold at the historic low of 1.50 per cent when the Reserve Bank Board meets this Tuesday.
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.
Rate cut pushes average mortgage under $50 a day
The average variable home loan rate is set to drop to 4.40 per cent this month, following today's decision by the Reserve Bank to cut official rates to a new record low of 1.75 per cent.
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.