DEBT MANAGEMENT

What can be added to the happiness of a man who is in health,

out of debt, and has a clear conscience?

Adam Smith

  • Industry figures show that more than 74% of Australian households have an average debt of $168,600.

    According to new research, 25% of all Australians and 51% of millennials ignore their debt because they don’t want to talk about it.

  • An effective debt management plan can help you navigate through your debts, and provide strategies to change your debt from working against you to working for you.

  • The most important questions to ask yourself are:

    Why am I incurring debt? Could I be managing my debt better?

  • Debt management usually involves restructuring your debts for the purpose of repaying them in the shortest possible time. As a result, your debts are minimised, if not eliminated. Often, this involves talking to creditors and agreeing on a repayment plan with them. We can help you do that and more.

  • Make payments manageable

    We can work with you to restructure your debt into one single payment, allowing you to feel less overwhelmed with the total amounts of payments you are required to meet.

  • Improve your budget

    With payments more manageable, we will work closely with you to improve and refine your budget according to your needs.

  • Develop healthy money habits

    With a debt management plan in place, it’s likely you will develop healthy money habits without you even knowing it. Diligence with your payments and responsibility for your spending are within your reach.

  • Differentiate good and bad debt

    Not all debts are bad. Some debts are actually good such as your mortgage which is building your nest egg and working for you. Bad debt, like credit card debt is doing the opposite by working against you. We will work with you to understand the difference and build a strategy that allows you to make smarter decisions around your debt management.

  • Peace of mind

    We will help you tackle your debt woes with a holistic approach. We get to know your big picture and review not only your good and bad debts, but your whole financial universe. Knowing that you will soon be debt-free gives you the motivation to commit to the strategy. Peace of mind is what follows, and that is priceless.

 

MANAGE YOUR DEBTS TODAY

Management of debt can be stressful and place strain on relationships and financial goals. We work closely with debt specialists to review your existing position and build strategies to alleviate this stress.

If you wish to know more, or if you want to book an obligation-free consultation related to debt management, please do not hesitate to email us at support@yourwealhthub.com.au or to call us on 0408 155 140. You can also use the form below.