Used

Credit cards used 131 million times in July, record figures show

Aussie credit card debts have increased as the products were used to pay for goods 131 million times in July, one publication has revealed.

Credit cards were used to pay for goods a record 131 million times in July, it has been revealed.

According to the Age, this figure is more than any previous July and is an increase of three per cent compared to last year.

But Aussie credit card debts are also up as people owed $ 47.8 billion in the month, a rise of 6.5 per cent or $ 159 per card in contrast with the same time last year.

Commonwealth Securities economist Savanth Sebastian said there are indications that consumers are starting to spend once again.

He added: “The three rate hikes in March, April and May took a toll on household budgets, but the conservatism is thawing. The Reserve Bank (RBA) needs to allow it to bloom.”

Earlier this month, the RBA maintained the interest rate at 4.5 per cent – it has not upped the level since May – and governor Glenn Stevens predicted that the global economy would probably slow down later this year.

Another sign that Australians are still comes from Eftpos figures after it was revealed that almost $ 13 billion was spent at the terminals in July, although there was a decrease in terms of the money spent per transaction – an average of $ 56.24 in the month, down from $ 58.80.

In addition, there was a 15 per cent growth in the amount of times people used cards at Eftpos machines in supermarkets during July.

However, there is evidence of caution in the housing market as home loans were down by 21 per cent and borrowing for alteration and additions to properties decreased by 19 per cent.

But commercial loans have made a turnaround with a four per cent increase in the year to July following a 17 per cent decrease in the year to the previous July.

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Used Car Loans

When it comes to mobility, whether it is a short one or a long distance one, cars remains the most favored option. They save your precious time and make you feel comfortable. But owning brand new car is not financially feasible for everyone. In this situation you can opt to purchase a used car. The Used Car loans can help you own a used car which will give you all that you want from a car, and at the same time, will save your money.

Used Car loans can both secure and unsecured. Under these loans you can borrow up to 80% of the value of the car. If you are going for secured loans, the borrowed car itself can be used as security. However, you can place other property also as collateral which has good market value. Under unsecured loans you have to pay higher interest rates. The repayment tenure in both the case is almost same. The general repayment period is within 1 to 6 years.

Used Car loans are redefining the concept of car buying. These loans are open for all types of borrowers; irrespective of their credit score. Bad creditors can improve their score with this loan. You get the added advantage of good amount of money, wider repayment period and low interest rate. All these distinct features add flexibility to these loans.  However, bad credit holders may be asked to pay higher interest rates.
One should always go for a used car that is one or two years old, as it will not only save money but will also ensure that it has almost the same features as the brand new one. Also be sure about the used car papers and all necessary accessories are fine or not. 

Don’t be late and avail your dream car- it doesn’t matter whether it is a brand new car or used car. The usages are same. Only you need to investigate is that the car in under good condition or not.

Tom Darwin is an author and holds a mater degree in Business Administration. He is currently assisting First Choice Loan as a finance specialist. For more information related to used car loans, car loans uk and best car loans please visit http://www.firstchoiceloan.co.uk/

How To Purchase Salvage Title Used Cars

Several people may think that it is very impractical and unconventional to purchase some salvage title used cars. They thought that this is a very weird thing to do especially since they thought that these are just junks. However, this is actually not the case because there are already a lot of people who benefited form these kinds of automobiles.

If you are going to look for some of these salvage title used cars, you will notice that most of them are very affordable. As a matter of fact, if you are going to assess their prices, you will notice that they are about 90 percent cheaper than their original market value and indeed, this is very affordable. And if you do not have that much cash, this is certainly a very practical option.

And if you are worried about the legality of these salvage title used cars, there is no need for you to worry because the vendors of the vehicles have the necessary supporting documents. And if you are not yet convinced, then you need to know that various government agencies also sell these kinds of units.

However, you also need to know that there are still a few things that you need to consider if you want to try this out. First of all, you have to make sure that you are going to purchase a unit that is still in excellent condition. You have to make sure that it is still functional and it can really take you for miles. This is necessary if you want to get what you have paid for.

It will also do you good if you are going to draft your budget so that you will not overpay. There is also a need for you to research on how these kinds of automobiles are being priced in the market.

However, if you are really clueless about all of these, then you might want to consider looking for some agent. They can really be very helpful as they are very experienced and knowledgeable with these things.

You can search through your local papers if you do not know where to find these salvage title used cars. It is also a good idea if you are going to browse through the Web.

You may want to consider looking for some salvage title used cars but it is very important that you remember these tips.

Uncover useful tips on seized car auctions such as where to find cheap public car auctions near your home. Also, read another popular article on seized car auctions.

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