Posted on May - 16 - 2010

What do you need in a Small Business Credit Card?

If you own a small business there is a chance that money is always on your mind. Not only do you want to earn a lot, but you realize that spending from time to time is necessary. With this in mind, there are many reasons why you may need a small business credit card. Before you jump the gun, you should become familiar with all your options and what you really need.

The first thing you need in a small business credit card is enough credit to make it worth your while. How often are you going to use your card? How much do you need to charge? Only you know the answers to these questions.

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Posted on May - 16 - 2010

Credit card delinquencies are up at ANZ

This week will be a big one for investors, policymakers, home loan customers and first-home buyers as the Reserve Bank of Australia (RBA) prepares to make its next decision on whether to lower interest rates again.

But the Sydney Morning Herald reports that while one eye will be focused on the RBA on Tuesday (February 3rd), many people are apprehensive about official data out on the same day which could show that the country has slipped into a recession.

Speaking to the paper, a panel of experts said that the RBA is likely to pull down interest rates to an even three per cent, an event that is likely to be met with some joy among those looking to compare home loans and get on the property ladder.

Those on a variable rate home loan will also see their average repayments fall, which may make a possible recession slightly easier to bear.

It may also prove an opportune time to compare home loans and lock yourself into a fixed rate deal after some experts warned that the RBA is running out of room to make further interest rate cuts.

Posted on May - 16 - 2010

Credit card borrowing down as Aussies clear debts

This week will be a big one for investors, policymakers, home loan customers and first-home buyers as the Reserve Bank of Australia (RBA) prepares to make its next decision on whether to lower interest rates again.

But the Sydney Morning Herald reports that while one eye will be focused on the RBA on Tuesday (February 3rd), many people are apprehensive about official data out on the same day which could show that the country has slipped into a recession.

Speaking to the paper, a panel of experts said that the RBA is likely to pull down interest rates to an even three per cent, an event that is likely to be met with some joy among those looking to compare home loans and get on the property ladder.

Those on a variable rate home loan will also see their average repayments fall, which may make a possible recession slightly easier to bear.

It may also prove an opportune time to compare home loans and lock yourself into a fixed rate deal after some experts warned that the RBA is running out of room to make further interest rate cuts.

Posted on May - 16 - 2010

Woolies: bonus went on credit card debt

This week will be a big one for investors, policymakers, home loan customers and first-home buyers as the Reserve Bank of Australia (RBA) prepares to make its next decision on whether to lower interest rates again.

But the Sydney Morning Herald reports that while one eye will be focused on the RBA on Tuesday (February 3rd), many people are apprehensive about official data out on the same day which could show that the country has slipped into a recession.

Speaking to the paper, a panel of experts said that the RBA is likely to pull down interest rates to an even three per cent, an event that is likely to be met with some joy among those looking to compare home loans and get on the property ladder.

Those on a variable rate home loan will also see their average repayments fall, which may make a possible recession slightly easier to bear.

It may also prove an opportune time to compare home loans and lock yourself into a fixed rate deal after some experts warned that the RBA is running out of room to make further interest rate cuts.

Posted on May - 16 - 2010

RBA ‘will cut again’ on recession worry

Although many first-home buyers may have felt a little disappointed by the Reserve Bank of Australia’s (RBA’s) decision not to make an interest rate cut this month, experts are forecasting that it may take another big chop at the base rate as early as next month.

The Daily Telegraph reports that the RBA board will likely be a little stunned by new figures showing that the country is hurtling towards a recession and will be giving some serious thought to making another interest rate cut early next month.

Such a strategy could be a welcome relief for those looking to compare home loans if the banks follow through with the cut and bring out a slew of new low-interest home loans.

“The April RBA board meeting is live,” surmised bank savings account and home loan provider ANZ’s head of economics Warren Hogan.

The RBA’s decision to keep interest rates unchanged follows five months of consecutive attacks on the base rate.