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Malcolm Turnbull wants us to ditch the credit card

Article image for Malcolm Turnbull wants us to ditch the credit card

Malcolm Turnbull wants us to ditch the credit card.

Banks could be forced to make it harder for Australians to get a credit card under a Turnbull Government plan.

Tom Elliott spoke with the finance guru, Scott Haywood who says it’s not a bad idea.

‘I think it’s a good move, but he’s got to market it properly’ 

Tom says – ‘But why is it the governments job to tell private individuals what prices they should charge?’.

Scott Haywood told 3AW Drive – ‘I think they’re trying to be responsible to Australians.’

‘We’ve got an over spending problem, the government has as well’.

Click PLAY below to hear Tom’s chat with Scott Haywood

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