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Could the Craig Thomson Credit Card Scandal Bring Down the Government?

  • 23rd Aug 2011

craig thomson credit card scandal

Australia’s minority government, led by Julia Gillard, is at risk of being defamed and dethroned at the hands of Craig Thomson as reports continue to surface regarding the illegal use of his Health Services Union MasterCard.

Craig Thomson is under investigation to determine whether he unlawfully used his Health Services Union credit card to spend over $15,000 at Australian escort agencies and withdrew over $100,000 for personal expenses, including the financing of his election campaign.
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Balance Transfer Showdown: Australia vs. the UK

  • 17th Aug 2011

balance transfers australia vs. uk

The popularity of the balance transfer card is undeniable. With low or zero interest introductory periods lasting for several months, the balance transfer is one of the easiest ways to radically reduce your monthly outgoings and start to get your debt repaid. In Australia they are extremely popular and have long been the most popular type of card available on our site. The same can be said of the UK where the balance transfer card rules supreme. But, as we’ve previously discussed here on The Credit Letter, all is not even between the two countries. We may have a superior climate and have a knack of beating the poms at the sports they invented, but when it comes to balance transfers the UK is way ahead. Just how far ahead they are will be revealed below.
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NAB’s Honesty Experiments [Video]

  • 16th Aug 2011

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What Bank is Best for Balance Transfers?

  • 15th Aug 2011

best bank for balance transfers

In Australia we are fortunate enough to have a competitive banking market where there are many banks, big and small, vying to attract your business. When it comes to credit cards, there is one type that has proven itself as incredibly popular with consumers – the balance transfer credit card.

Not only do consumers love them, but the banks do too because they can attract new customers away from their competition. And how do they do that? By offering cheaper balance transfer interest rates and longer introductory periods than the other guys.

So if you’re in the market to transfer your balance to a different card with a new bank, where do you look first? Here’s our guide to what we think are the 10 best banks to switch to.
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Spooked By Another World Credit Crisis? What You Should Do

  • 9th Aug 2011

ASX bloodbath

It was only June when we blogged about the unstable economy and what you could do. Hopefully, people have been listening. Again, the world as a whole is seemingly descending into another financial crisis. Sovereign debt issues in Greece, Ireland, Spain, Portugal, Italy and the squabbling over debt in the USA are catching up with these big-spending governments.
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What to do if Your Credit Limit is Reduced

  • 8th Aug 2011

surprised face

If you’re unfortunate enough to have had the credit limit on your credit card reduced without warning, you might be wondering how it will affect you and what on earth you can do about it. In these financially volatile times, a change like this can be worrisome. Perhaps the worst part of all is that a sudden credit limit drop can significantly affect your credit rating and thereby cause you all sorts of grief, both now and in the future.
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5 Money Saving Tips When Taking Out Life Insurance

  • 1st Aug 2011

happy piggy bank

The Credit Letter has blogged in the past about getting to grips with your personal finances, what to do when trouble strikes, why everyone should have an emergency fund in place and how to pay off credit card debt as part of doing the debt snowball technique. Here’s a guest post from David Kaplan from Rate Detective to explain how life insurance fits into the mix.

If you’ve considered taking out life insurance, now is the perfect time to act. Life insurance provides you and your loved ones with financial security even when you’re no longer around.

When you pass away, your income will no longer cover the mortgage or monthly household bills. For this reason, life insurance is the safest way to insure your family against financial disaster. Although many view the monthly premiums as a major deterrent to taking out insurance, the benefits afforded by the policy include peace of mind and financial security for your family and loved ones. That’s something you simply can’t put a price on.

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How to Keep Your Credit Card Secure

  • 1st Aug 2011

how to keep your credit card secure

While shopping with your credit card is usually perfectly secure, there is cause for concern in this age of fraud, phishing and identity theft. There are precautions that you really should take with your credit card to protect yourself from falling victim to fraud. Just a few simple tips can help you to stay safe and be more confident when it comes to the security of your cards. Check them out!
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[Video] How Credit Card Compare Works

  • 26th Jul 2011

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What Happens if you Stop Paying Your Credit Card Bill?

  • 25th Jul 2011

credit card payments

Ever tried not paying your credit card bill at the end of the month? Sometimes when you’re swamped with bills and not very organised you can let things slip, but this will have nasty consequences. So if you are in any doubt as to why you should keep paying, here’s some clarity for you!
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