Debt is a common issue that many Australian households face, especially when your expenses have you living pay cheque to pay cheque
The first step in overcoming your debt issues is to create a simple budget. Once you have all your money laid out in front of you, it much simpler to see where you’re overspending or where you can allocate your money better.
Is debt consolidation right for you?
If you are stuck in a massive debt hole, with several credit facilities at all different levels of interest rates, then you may want to consolidate these debts into one loan.
There are many advantages to consolidating all your debt into one loan. One of them is the ease of handling the payment all under one monthly statement. You may be able to get a much lower annual interest rate as well – particularly if consolidating your debts into your mortgage. We also work closely with some of Australia’s best mortgage brokers – which comes in handy when it comes to assisting out clients with debt consolidation.
We understand that getting into a debt spiral can be a very stressful experience. We will work with you to develop practical solutions to get on top of your debt.
GENERAL ADVICE WARNING
Any advice on this site is of a general nature and is not tailored to your individual circumstances. Please seek personal, professional advice prior to acting on any information.
Damian Toms & The Burley Griffin Finance Co. Pty Ltd are Authorised Representatives of GWM Adviser Services Ltd AFSL 230692