How debt consolidation may help some borrowers right now
Five rate rises in 2026 have certainly strained many household budgets around the country. So what can you do about it? Debt consolidation is one option that may be worth a look. Here’s what’s involved. November saw homeowners slugged with a fifth rate hike in just 10 months. And, not surprisingly, plenty of talk has been centred around managing higher home loan repayments. But here’s the thing. You may have other types of debts with far higher interest rates. Let’s look at h
RBA continues cracking the whip with fifth rate hike this year
Mortgage holders are once again left holding the bag on Melbourne Cup Day with the RBA lifting the cash rate to 4.85%, its highest level in 18 years. If your repayments are starting to bite, here’s how we could help you rein in your interest rate. Following hikes in February, March, May and September, this latest 0.25% increase takes the cash rate to 4.85%, a level we haven’t seen since November 2008. Not exactly a prosperous time. The RBA’s Monetary Policy Board said in a st
