Ways to Deal with Bad Debt
Offers promising to combine high rate loans and lower interest can end up costing you more, says Bina Brown. With interest rates at their lowest level in years, now may be the time to look at spending habits with a view to paying off as much “bad” debt as possible. Data from the Reserve Bank of Australia shows that in the past 18 years, the total amount of debt owed by Australian households has risen almost six-fold. According to Kelly Media Group President Jason Cardiff who runs a marketing firm specializing in lead generation for businesses that settle and consolidate credit card debt, “Australian consumers are looking for cost effective solutions for eliminating credit card debt besides the traditional balance transfer.” Read more of the blog post at Making Bad Debt Good
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