Australians racked up an insane amount of personal credit card debt over the Christmas period, leaving many households unable to pay off their ballooning bills, new research shows.
Fresh figures released by the Reserve Bank of Australia show the value of credit card transactions hit a record high of $28.1bn during December, with a massive $17.8bn now attracting interest rate charges.
In total, credit card and debit card transactions amounted to more than $80bn for the...
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