What is debt management?
It is a strategy to assist you in managing your debts correctly. We look at the difference between ‘deductible debt’ and ‘non-deductible debt’, and our advice could involve the restructuring of loans, consolidating of debt and paying off certain debts faster, where appropriate.
What is the difference between Deductible and Non-Deductible Debt?
To determine whether a debt is deductible or not depends on its use;
Debt Management Process
Our process helps you to prioritise your debts more effectively and looks at ways to repay non-deductible debts faster or make correct use of deductible debt. In many cases even the deductible debt may not be appropriate for a person, especially if the amount of debt being used is too much or the risk of the investment falling in value is high.
We consult with you, determining your goals and objectives and then implement a suitable strategy. Reviewing your plan is important. Debt management services is a critical part of any financial planning advice.
Call us on (08) 9256 3788 for your complimentary consultation.
Alternatively you can Contact Us and we’ll be in touch to set an appointment that is convenient to you.