(Australia-NewsWire.Com, August 08, 2012 ) Sydney, Australia -- During the first three months of 2012, Australia’s economy has seen a growth rate of 1.3%, with personal finance loans increasing from $7.315-billion in April to $7.348-billion in May. While the economy will be at its strongest point in the last year, unemployment rate will still rise up to 6%, leading to an increase in the number of personal loan applications to be processed.
As banks are regaining confidence and are once more willing to ease lending conditions, leading financial comparison group in Australia CreditWorld shows how choosing the right credit products can help customers avoid the debt trap and make sound investments into a bright financial future.
Specifically, CreditWorld provides a comprehensive and easy to access comparison service, by means of which customers can choose the financial products with most value and convenient terms and conditions. Whether clients are thinking of applying for a new credit card, open a new bank account, take out cheap personal loans or acquire a convenient insurance policy, CreditWorld allows them to compare the offers of all the top personal finance product providers of credit cards, bank accounts, home and personal loans, insurance and more and make an educated decision to match their needs.
The fact that customers are currently able to take out personal loans with the lowest interest rate since 2006 is definitely good news for borrowers, as it shows banks are developing a bigger appetite for business. Through its independent credit card ratings and comprehensive comparison service, CreditWorld helps clients choose financial products to bridge short-term financial requirements, deal with unplanned expenses or making smart investments that will guarantee their future financial independency.
According to founder and CEO, Roland Bleyer, the finance portal has recently been redesigned and updated to help Australians choose their lenders wisely: "At CreditWorld, we are passionate about providing consumers independent and honest ratings when it comes to choosing the right financial tool for them, whether that be a credit card, savings account or loan. There is so much noise around credit cards, bank reforms, fees and more, that we want to give Aussies the objective review and relevant information they deserve so they can choose what’s best for them.”
In addition to their user-friendly comparison service, CreditWorld provides Australians with essential information on how to control their spending, get out of the debt trap or apply for financial products that will work in their best interest. Enabling customers to access the most advantageous credit card offers, CreditWorld helps individuals pay less in interest rates, save more money and improve their score without compromising their financial security.
To access the useful comparison service offered by CreditWorld or find out what industry experts have to say about the latest personal finance products, please visit www.creditworld.com.au/.
About CreditWorld
CreditWorld was founded in 2005 in order to give Australians access to clear, easy to digest information when shopping around for retail banking products. It is the leading financial comparison group in Australia and is independently-owned, making clients to feel confident they are getting real choice and credible, honest and valuable ratings.
Their website makes it fast and easy to compare and choose the best deals for customers. Making products easy to compare together means clients can clearly see exactly what the differences are between them and which represent the best value for their needs.