RBA credit card figures show Australians are continuing to pay down personal debt – NEWS.com.au

Billions of dollars worth of credit card debt has been wiped away by everyday Australians who are turning their back on high interest-accruing lending products. New figures from the Reserve Bank of Australia reveal the nation’s credit card bill in January dropped $7.38bn on the same month a year ago, with the majority of people choosing to pay via debit rather than credit.
On a monthly basis, Australians paid off $149m in personal credit card debt-accruing interest, with the total outstanding amount…

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