Apr 08 2008
Credit Report Australia - Debt Stressed Aussies Worry About Paying The Bills
A study by Australia’s biggest credit report provider has shown many Australian consumers are worried about their ability to pay the bills.
The Veda Advantage study has indicated that making repayments is a major cause of concern for three quarters of Aussies in debt.
Rising prices, with some commentators expecting inflation to reach 4.6 per cent in 2008, is causing more than half of those questioned in the study the greatest concern about their ability to meet their bills. This was followed closely by rising interest rates, which is making it harder for many Australians to repay their mortgages.