Debt Consolidation | Chatswood, Northbridge & Crows Nest
As your local FinChoice financial adviser I can develop debt-reduction strategies tailored to your circumstances.
It doesn’t have to mean living on next to nothing until you’ve made headway with debt, it’s all about smart use of your money. Remember though, not all debt is bad. Your home loan, for instance, is funding an asset that will rise in value over time.
As long as you can comfortably manage the repayments, this type of debt isn't a problem and can actually help you accumulate more wealth long-term when managed appropriately.
Benefits of consolidating debt
What are some ways to reduce debt?
- Develop a plan
We can help you by looking at each of your debts to understand the rate you’re paying. If you’re paying an over the top rate it’s a lot harder to clear the balance. We can help you refinance your debts or consolidate multiple balances into a single loan to save on interest costs.
It can free up more cash to help eliminate debt.
We’ll work with you to develop a realistic budget. It can show where you are spending, where you can cutback, and where you can save by getting a better deal.
It all adds up to more money to reduce your debts.
Strategy to become debt free
We can crunch the numbers to determine which approach is most effective for you.
It’s not about throwing yourself into repayments, it’s about developing a smart plan. As a guide, we can list your debts according to the interest rate, help you concentrate on paying off those debts sitting at the top of the list, and guide you through the process of clearing each remaining debt. It’s a strategy that can deliver significant savings on interest costs.
Start your debt free journey today! Get in contact with Edwin Bae, Financial Planner on 0490 173 073.