Don’t wait to find a better card and loan deal

Home buyers can save an average of $2500 a year by switching lender, according to consumer group Choice. A typical family can also give themselves an early Christmas present by saving about $440 per year in interest on credit cards.

The director of Choice's better banking campaign, Richard Lloyd, said: "You don't have to wait for banking reform to get a better deal. People who are pro-active and can spare a few minutes might be surprised at how much they can save, too many people are staying in cards, loans and accounts which are costing them too much.”

Source: The Daily Telegraph

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