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February 21

How to Prevent Necessary Debt from Ruining Your Credit Score

Posted by on February 21, 2017 at 8:12 AM

Everyone who borrows money should be aware of the fact that at some point that borrowing may go against you on your credit report if not maintained properly. One of the most common misunderstandings about your credit rating is exactly when a late payment will show up on your record.

How to Prevent Necessary Debt from Ruining Your Credit Score

Secondly, knowing when a late payment can potentially harm your credit rating can take a load of stress off of you in hard up times. It’s safe to say that its complicated due to the credit environment, but learning these windows of time can help you more safely borrow money when you absolutely need to.

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October 20

Sneaky Credit Card Tricks to Avoid to save More Money

Posted by on October 20, 2016 at 8:17 AM

If you find yourself needing a credit card or perhaps you’re paying too much money to have your current one, then perhaps learning about how you can avoid giving them more money will align with your money saving efforts. The fine print is where all the bullying happens and that’s especially so with credit card companies.

Sneaky Credit Card Tricks to Avoid to save More Money

Tempting offers that seem legit rope us in, but it’s the iota within the fine print that can cost you hundreds of dollars. If you are looking to change credit card, pay your current one off as quickly as possible or simply have the desire to educate yourself more, this article will highlight some of the most important elements to be aware of before choosing a card.

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August 30

Say Goodbye to Excessive Credit Card Charges on Thursday 1st September 2016

Posted by on August 30, 2016 at 8:37 AM

It’s finally happening, the Turnbull government passed legislation to rid us from excessive credit card charges when using our plastic. The ban comes into effect this Thursday 1st September that should be a relief for many Australian families across the country.

Say Goodbye to Excessive Credit Card Charges on Thursday 1st September 2016

The ban will immediately prevent large businesses from charging excessive fees on credit cards and if they don’t stop they will face substantial fines for doing so. Smaller merchants will be given 12 months to make alterations to comply, so watch out for the large companies which haven’t reduced surcharges after Thursday. A few companies have already made announcements about changes e.g. Qantas and Virgin Australia.

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May 28

Excessive Surcharge Guidlines Could save Australians $1.6 Billion per Annum

Posted by on May 28, 2016 at 8:01 AM

When was the last time you remember feeling annoyed because you had to pay a surcharge for using your credit card, not that long ago right? It’s incredibly frustrating extra cost to have to pay simply for the convenience of using your card.

Excessive Surcharge Guidlines Could save Australians $1.6 Billion per Annum

Certain airlines are known to charge customers up to $8.50 in credit card fees despite their payment providers only charging them $0.95 in some cases. This is why there are new guidelines coming into force to prevent the worst offenders from blindly robbing customers, namely hotels and airlines. This could provide customers with potential savings adding up to billions per year.

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September 9

Credit Card Charges: Why Are We Still Paying Them?

Posted by on September 9, 2015 at 8:43 AM

The world has seen a big decline in the popularity of credit card usage over the past 10 years. Like the large prehistoric reptiles that once roamed our planet, the credit card too looks like its gearing up to join them on the extinction list. One of the main reasons for this is that shoppers these days are asking themselves questions like, why are we still paying extra charges to use a credit card? Should it still be treated as a privilege to pay with one even though the entire world uses them. As smartphones become more and more prevalent in our everyday lives, the likelihood that they will one day replace credit cards for making payments is becoming far more likely.

Credit Card Charges: Why Are We Still Paying Them?

“Tap-and-go” payments are increasing in popularity, whilst eftpos payment figures having more than doubled since 2009. Yet many stores across Australia, and the world, still charge up to several dollars in fees to pay with a card while some even demand you spend more than $10 if you choose to pay with one. Paying an additional $1 for a coffee, for example, that costs $3 can generate additional costs of up to $260 being paid just on fees every weekday for a year. So why do we have to still put up with this and what changes do we need to see in the market before the mobile payments take over?

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