Opt for a 'get out of jail free' credit card
However, Nine MSN points out that plucky Aussies can still bag a great deal by looking to compare credit cards in search of a zero per cent deal.
These introductory interest-free credit card offers are described by MSN’s plastic expert Nicole Pedersen-McKinnon as a lifeline for Aussies who are looking to clear expensive credit card debts.
"What you want to do is clear your credit card debt [and] transfer your debt to one of these cards that charge you zero per cent for up to six months; these are really get out of jail free cards," she advises.
Nine MSN also warns those on a budget to be on the lookout for bank account fees, which can have a snowball effect if they go unpaid, with one man witnessing a $20 fee grow into a $400 debt.
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