• Secured Finance: Beneficial to Lender & Borrower
  

  When you apply for your next financial product or service and have the option of either ‘secured’ or ‘unsecured’, it may be wiser to opt in for secured debt. While unsecured certainly has its advantages and ease over secured, there are a range of reasons and benefits that secured finance holds over it’s partner.

• Credit Trouble Warning Signs
  

  People all over the world find that debt racked up by the use of credit cards is a major problem for them and their families, and we here in Australia are no exception. Credit cards make it easy for impulse buys to worm their way in, and can lend the false notion that it is okay to spend a lot on your card, since you can always just pay it back later.

• What is a ‘Flexible Line of Credit’?
  

  From time to time, you may come across the term ‘revolving credit account’, or more specifically, a ‘flexible line of credit’. First things first – these terms should instill comfort as they are beneficial in any financial context. But what exactly are they?
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  Click here to find out about revolving credit along with the best flexible credit options available.

• 7 Ingenious (And Obvious) Tips to Prepare for a Recession
  

  With recession looming over Australia like an unescapable smog, there are many methods and resources you can utilize to help you keep your head above water. Some are no brainers which are good reminders, while some are techniques which may not have crossed your mind.

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  1. Reduce your Credit Card Debt

  As a general rule of thumb, cut out anything that you spend on your credit card which loses value in time, or doesn’t increase. Cutting out clothes, leisure, accessories, and possibly an expensive restaurant you enjoy dining at are examples.

  If you cut these out, while still using your credit card for necessities such as petrol and bills, you’ll find your balance tipping closer to $0 in no time.

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  2. Consider a Balance Transfer to Reduce your Debt

  High balances or simply maxed out on your credit card(s)? The solution is a simple balance transfer to consolidate your debt and pay it all off at either 0% for 6 months, 2.9% for a year, or 7.9% for the life of your balance.

• How to Prepare Financially for a Gap Year
  

  Young people are always on the lookout for an adventure. Often, they want to take a break from their regular cycle of school and home, with a few activities in between. After all, studying is hard work, and a break from it is much welcome. The gap year is usually a very anticipated tradition many students partake in.

Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%