Q.
My fiance and I are getting married next year and are both
paying off closed down credit cards. I noticed that the interest
rates are quite high on both cards. Is there any way of
consolidating these into one payment, or lowering the interest rate
on them as we are not using them anymore?
A.
You could go to www.cannex.com.au where credit cards
are compared and it may be possible to transfer the outstanding
balances to one of the banks like BankWest that have lower ongoing
interest rates and not just a honeymoon rate to get you in.
Each week financial advisor Noel Whittaker answers your
questions.