Christmas lunch is over, all the presents are unwrapped. Now comes the hard part: paying for it all.
If you’re in that position, you’re not alone. Personal credit and charge-card balances racking up interest hit a four-year high of A$18.4 billion in September this year – even before the Black Friday and Christmas sales.
Last year, a survey for the Australian Securities and Investments Commission (ASIC) found almost half of Australian adults with debt had struggled to make repayments in the past 12 months.
