Thursday 08 March 2018
Article by Ben Tosi
Aussies cant quite tame the urge to splurge according to recent data from peer to peer lender RateSetter which revealed that 28% of balance transfer credit card holders are nearing the end of their promotional period but havent managed to crush their debt.
A popular piece of plastic for Aussies who have taken their spending a little too far in the past, a balance transfer card comes with an interest free period that allows you to tackle the outstanding amount of debt on your credit card.
Sounds great, right? Well as it turns out, were seriously misusing these particular pieces of plastic – and it is costing us.
According to RateSetter, 44% of Australians are failing to pay off their debt bi…
Read the full article at: https://mozo.com.au/credit-cards/articles/addicted-to-spending-australians-unable-to-crush-credit-card-debt
