Search results

Reply: 3.1 From: Rolf Latham Hi Adam This is a commonly used approach - not as rare as you might think and "generally" frowned upon by most brokers not just the banks. Basically the lenders are protecting their position less than yours. If there was no consumer credit code and allied...

Reply: 4 From: Rolf Latham HI SC Varies from lender to lender. Some at 0 effect if you can show you pay them off each month, and have done so for at least 3 months. Some at 2.5, 3 and 5 % of the actual limit is taken off service payments each month. On average, a $ 10 000 credit card...