RBA say Australians rein in borrowing
Australians have reduced their reliance on credit cards and personal loans as the financial crisis of recent months has deepened, the Reserve Bank has noted.
Rudd 'tough as marshmallow' on rates
Kevin Rudd is about as “tough as marshmallow” when it comes to forcing banks to lower home loan, credit card and personal loan rates, Family First senator Steve Fielding has claimed.
Crunch hits non-bank lenders
As the credit crunch tightens its grip on the Australian economy, many non-bank lenders have been forced out of the market.
Taking stock of the turmoil
After a week of financial panic on a level not seen since the Great Depression, paying off personal loans and credit cards will play a vital role in staying afloat.
Aussies ease up on spending
While global money problems have caused a lot of gloomy comment in recent months, it seems many Aussies are taking the initiative and paying off debts on credit cards.