‘AUSTRALIANS are spending more than they earn and continuing to record high levels of debt, a report has shown.
But households should be able to cope with their rising debt levels as long as illness or unemployment does not strike and interest rates do not rise, the latest AMP.NATSEM Income and Wealth Report has found.
The research, […]
‘Figures from the Bank of England have shown that mortgage approvals in October fell to their lowest level in almost five years.
Overall, lending to individuals dropped to its weakest increase since November 2002, at £9.07 billion, down sharply from the £11.66 billion increase recorded in the same month last year.
The number of mortgages approved was […]
‘The deputy governor of the Bank of England, economists from Deutsche Bank and Barclays, and research company Hometrack were all queuing up last week to predict that house prices would fall - with 20 per cent providing a rough rule-of-thumb measure of the overvaluation.
The statistics now seem to be bearing that out. The British Bankers […]
‘If you’ve become much more dependent on your debit card over the past decade, you’re not alone.
These cards have become increasingly popular and today account for $600 billion in transactions, or one of every three retail transactions, according to CardWeb.com, a group that tracks credit card activity.
Debit cards bear the Visa or MasterCard logo and […]
This article gives some hints about how to give gifts that don’t break the bank:
‘– Use an Internet portal that gives you something back. There are many shopping sites that let you click through to favorite retailers and offer you some cash back on your purchases. Each has different rules and retailers, so look at […]
Jack Crooks takes a detailed look at the Good and bad news of the US dollar dropping:
‘Many believe a lower dollar is the only plausible policy tool available to the United States if it’s to reduce its massive current account deficit. It is why, increasingly, analysts are calling for a coordinated effort on the part […]
‘Ordered by Congress to give consumers free access to their own credit reports once a year, the nation’s three largest credit bureaus are turning that requirement into a marketing opportunity.
When the free service, www.annualcreditreport.com, is launched on Dec. 1, consumers will be offered a variety of fee-based programs.
All three companies - Equifax, Experian and Trans […]
‘The U.S. dollar hit a new all-time low against the euro Friday for the fourth straight day, pushing the European currency above $1.33 amid concerns about the twin U.S. deficits and the lack of any central bank action to stop the dollar’s decline .
The dollar also dipped to a nearly five-year low against the yen, […]
‘Charles Bean, chief economist at the Bank of England, has warned that it is too early to be sure interest rates will not rise again soon.
Earlier in the year economists predicted that interest rates would stall at five, or five and a quarter per cent. However, the rapid cooling of the housing market and other […]
Spend too much on your Credit Card this Christmas? Need some tips on how to get the interest rate lowered? News4Colorado have these 5 simple tips for lowering interest rates on Credit Cards.
‘1. Ask. And if you don’t get anywhere, ask to speak to a supervisor.
2, Follow this script: “I am a good customer, but […]