Credit Cards For Less Than Perfect Credit

Australia’s largest lenders are aggressively competing for customers in the mortgage segment, cutting interest rates as the lending in the sector dries up. Fixed rates mortgage borrowing costs have fallen by as much as 2/3rds of 1 per cent over the last couple of months as ANZ, CBA, Westpac and NAB all seek new customers.

Canstar Cannex a research firm published data which suggests that variable rates have also fallen by as much as 15 basis points based on a $250,000 mortgage.

Mitchell Watson, a spokesperson for Canstar said that competition in the mortgage lending space is intensifying as the number of borrowers fall against a backdrop of a turbulent economy.

The largest customers, that is to say those with deposits or loans valued at over $500,000 typically get the best deals according to Canstar.

“They are fighting each other for new customers or to get people to switch. The

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According to credit card news today, credit card companies are turning on customers who dont turn a profit. Good quality customers who use credit cards responsibly may be being targeted by credit card companies using personal data.

According to comparison sites, a number of borrowers with exemplary credit ratings and high incomes are being turned down by card companies this year. The news follows a shift in data sharing legislation, with companies now able to exchange personal data about their customers.

This data should be used purely to lower debt risks for individuals, and not for commercial reasons. However, consumer groups believe that this is not the case. Read the full post