Personal Finance Tips

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3.97 million Aussies hit by ‘debt lag’ – credit card debt they can’t afford to repay immediately

Australians are returning home from holidays with an unwanted souvenir in the form of a $7.5 billion credit card debt. The Australian Debt Lag Survey of 2,027 people found 41% of Australians returned from holidays in credit card debt, with an estimated $7.5 billion of debt racked up, and $180 million in interest paid…

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