Managing (bad) debt can be a challenge, especially after the festive season.
But it is achievable with careful planning.
Our office sees clients accumulating higher-cost debt – credit and store cards and personal loans – across the summer with holidays and Christmas spending.
Then, the cash flow crunch comes in the new year as higher repayments kick in.
If you’re an existing homeowner, you’re likely able to consider accessing any equity you’ve built up in your property or properties.
Refinancing your higher-cost debt under your mortgage is a sensible way to manage the cash flow stress and interest rate minimisation.
For non-home owners, consolidating high-interest debts – credit and store cards – into a longer-term…
