In this section of our blog we look into interest rates and the issues associated with them. If you have bad credit you may need to pay higher interest rates. This may however help you with areas like debt consolidation, because you can pay out high interest credit and store cards and move them into a lower interest rate loan product. Generally speaking the better your credit the less interest you need to pay, but if you have bad credit, interest rates tend to be higher.

When Will Australian Interest Rates Rise Again?

Banks have dropped interest rates, but as Australia’s economy continues to deteriorate, when will Australian interest rates rise again?

By |June 10th, 2020|Categories: Interest Rates, News|Tags: , , , , |Comments Off on When Will Australian Interest Rates Rise Again?

How is APR Calculated?

By |March 31st, 2020|Categories: Credit Card Consolidation, Debt Management, Financial Planning, Interest Rates|Tags: , , , , |Comments Off on How is APR Calculated?

Why Patients in Debt Turn To Low Interest Rates When Applying for Loans

It’s definitely costly to be sick nowadays. Despite the government’s efforts in promoting healthy workers, healthy eating and active living, illnesses still arise and more often than not people aren’t financially ready for it. No wonder many patients look for low interest rates loans when in need for financial security.
 The No Work No Pay Policy […]

By |June 11th, 2018|Categories: Interest Rates, Personal Loans||Comments Off on Why Patients in Debt Turn To Low Interest Rates When Applying for Loans

A Practical Guide On How To Get the Most Affordable Loan Interest Rates

Do you want to get the best interest rates on your loans? Getting into debt is already going to cost you money, and a few percentage points can definitely cost you more than you are prepared to get. Here are tips when seeking for the best interest rates in any type of loan.

Understand the type […]

By |November 6th, 2017|Categories: Interest Rates|Tags: |Comments Off on A Practical Guide On How To Get the Most Affordable Loan Interest Rates

A Practical Guide On How To Get the Most Affordable Loan Interest Rates

Do you want to get the best interest rates on your loans? Getting into debt is already going to cost you money, and a few percentage points can definitely cost you more than you are prepared to get. Here are tips when seeking for the best interest rates in any type of loan.

Understand the type […]

By |September 6th, 2017|Categories: Interest Rates||Comments Off on A Practical Guide On How To Get the Most Affordable Loan Interest Rates

Interest Rates, What Do They Mean For Us ?

They’re something you can’t avoid. They’re everywhere and for the most part they affect everything we do. No, i’m not talking about the missus, i’m simply referring to the elephant in the room.

Whats happening at the moment ?

After reaching a record low of just 1.5% in August this year, the reserve bank has remained faithful […]

By |November 8th, 2016|Categories: Debt Consolidation, Interest Rates, Personal Loans, Refinance and Refinancing||Comments Off on Interest Rates, What Do They Mean For Us ?

Are You a Victim of High Mortgage Interest Rates?

In recent years, many of us became victims of high mortgage interest rates without even realising. This problem affects mostly the home loans because their term is the longest. But how can you know if you are in such a situation, too?
High Mortgage Interest Rates – Are you a victim?
Verify your current loan

In the case […]

By |February 26th, 2016|Categories: Home Loans, Interest Rates|Tags: , , , |Comments Off on Are You a Victim of High Mortgage Interest Rates?

Do Rentals Mean Losing Money?

The general, common saying that living in rentals equals to throwing money away is certainly not new, is it? And at first, it would seem this way. Rental means you don’t buy the house you live in, compared with purchasing a house that, in time, becomes yours eventually. Still, various aspects are often overlooked concerning […]

By |December 29th, 2015|Categories: Home Loans, Interest Rates, Refinance and Refinancing|Tags: , , , , , |Comments Off on Do Rentals Mean Losing Money?

4 Reasons Why the Australian Reserve Bank has not Cut Interest Rates Last Time

Australian Reserve Bank has not Cut Interest Rates
The Reserve Bank of Australia (RBA) has slashed interest rates to 3%, a record low, in November 2011. For the last 15 months, it has refused to increase or further cut it. The central bank has decided to leave the rates unchanged during its first policy meeting for this year, which was held in the first week of February. As it seems, the monetary policy of the country keeps the mode on a wait-and-see program.

Interest rates were last trimmed down to help spur possible growth after the then decade-long mining boom had indicated clear signs of losing its momentum. The economy somehow slowed in the entire 2012 because export demand for raw materials coming from the country eased.

[…]

By |February 27th, 2013|Categories: Interest Rates|Tags: , , , , |Comments Off on 4 Reasons Why the Australian Reserve Bank has not Cut Interest Rates Last Time

7 Things which Contribute to Interest Rate Cuts

Interest rate is the amount charged by lenders or loan providers against the borrowed money of consumers/borrowers. As a consumer, you probably are always monitoring it. When rates are low, it can be ideal to apply for and obtain loans. It is the time when borrowing will not be that expensive.
Interest rates usually go up, especially these days when global economies and finances turn volatile. But at times, governments and central banks also cut such rates. Here are seven factors that usually lead to reduced or lowered borrowing rates. […]

By |May 23rd, 2012|Categories: Interest Rates|Tags: , |Comments Off on 7 Things which Contribute to Interest Rate Cuts