Having a clear achievable plan to reduce your debt is an important factor in increasing your overall wealth position. It is unusual if you don’t have some form of debt these days. Therefore, you want to ensure that it is managed correctly.
The process of reducing your debt also addresses how your debt is structured. We look at what loans you have, the level of exposure your assets are subject to against the borrowing and the borrowing costs (including interest) involved.
Debt is what brought the world to its knees during the Global Financial Crisis, so it is important your borrowings are reviewed regularly to ensure they are working for you and not against you.
If you want personalised advice to help reduce your debt, PJT Accountants & Business Advisors know what they are talking about. Contact us today.
Want advice for your business? Request a free meeting with a Business Advisor, or call us on 5413 9300