Sep
5

Foreigners Taking More Interest in US Properties

Russian billionaire Yuri Milner paid $100 million for a French chateau-style mansion in Silicon Valley this spring. This has already set a record for the highest price ever paid for a single-family home in the U.S. Though foreign buyers usually purchase about 7% of the U.S. residential real estate market, the numbers have recently swelled up. According to the National Association of Realtors, 18% of Realtors in the U.S. market have sold a home to at least one foreign buyer in 2010, up from 12%... Read more...
Apr
23

Credit Cards vs Personal Loans

The rising interest rates for home loans in Australia has made low interest credit cards a viable alternative to personal loans. Unlike personal loans, there are no penalties for customers who pay off credit card balances early and the interest rates on personal loans have risen to levels that make credit cards more competitive, especially cards offering low interest rates and annual fees. While credit cards can't be used to finance a home they can be used to finance home improvements and repairs.... Read more...
Apr
22

What You Should Know About Your Credit Card?

Australians recently surpassed the U.S. in credit card debt, but many consumers make mistakes when using, applying for or even closing credit card accounts. There are common mistakes made by credit card users that can cost them money and hurt their credit scores. Consumers who educate themselves about credit cards are more likely to use them wisely. Credit card account holders should carefully review their credit card statements every month. The first reason for this is to catch any... Read more...
Apr
21

University Students and Credit Cards

Most students attending university are looking forward securing a bright financial future for themselves, but misuse of credit cards can put a damper on that future and even affect the jobs available to them on graduation. Employers check credit scores and while they will overlook student loans, they won't overlook bad scores caused by credit care abuse. Starting a new phase of life with a good credit history is vital to a student's future. The best credit cards for students are probably... Read more...
Apr
20

Are Australian Airlines Overcharging for Interchange Fees?

In 2003 the Reserve Bank of Australia lifted the ban on passing along credit card interchange fees to consumers and the consumer group Choice is now reporting that Qantas and Tiger airlines are making profits from overcharging consumers for these fees. Credit card companies charge an interchange or transaction fee to the vendor on credit card purchases and this fee is usually a percentage of the total amount of the transaction. Some airlines are charging a set fee on credit card transactions... Read more...
Apr
19

Credit Card Charity Scam

Some months ago all of Australia was praying for the co-joined Bangladeshi twins, Trishna and Krishna, as they underwent surgery to separate them at Melbourne's Royal Childrens' Hospital. People from all over the world and Australia in particular were touched by the story of these young girls. The girls medical care is being supported by the Children First Foundation which raised funds for the operation and after care in 2009. Recently Australians have been receiving phone calls requesting... Read more...
Apr
18

Australians File Class Action Suit Demanding Refunds On Exception Fees

Exception fees are charged by banks and credit card companies when account holders exceed their credit limit, make late payments or overdraw their checking accounts. Average exception fees range from $25.00 to $60.00 and in 2009 banks charged approximately 1.1 billion dollars in exception fees. The law firm representing the plaintiffs in the suit estimates the average cost to the bank of over drafts is $2.00 which means that banks and credit card companies are reaping huge profits at the expense... Read more...
Apr
18

Taxi Drivers and Credit Card Fraud

There are a number of ways that taxi drivers can commit credit card fraud and the first one is by overcharging customers for the ride. A taxi driver in Sydney lost his cab license after being accused of overcharging three passengers a total of $220 by altering the dockets and investigators state they found a credit card copier in his cab when they searched it. People who take taxis are often in a hurry, rushing to make a meeting or an airline flight. Others take cabs after partying rather... Read more...
Apr
17

Age Appropriate Credit Cards?

At different stages of life people use credit for different reasons. The spending habits of an 18 year old differ from those of a 30 year old and the credit cards they use should reflect their credit needs. Most consumers should review their credit cards every six months to determine which cards are giving them the best value for their money and which should be cancelled or replaced with a card more suited to their needs and spending habits. Consumers between the ages of 18 and 21 often... Read more...
Apr
16

Credit Card Details Hacked At Lush

If you have made online purchases from Lush Cosmetics with your credit card, you may want to cancel the card. Hackers have successfully accessed the customer base at Lush and have obtained personal details, including credit card information, about their online customers. Officials at Lush are not certain how much information was compromised and are urging their customers to cancel their credit cards. The company has sent emails to customers regarding the security breach. A similar breach occurred... Read more...
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