Debt Reduction

Whether it's car, personal or credit card debt, Chase Edwards’ debt reduction experts can help you clear your debt and moving towards financial freedom. It may be as simple as rearranging your existing financial structure, without any further payments.

To get in touch with a debt reduction specialist, simply enter your details through the form provided.

Debt Reduction: Good vs Bad Debt

There's a big difference between good and bad debt. Generally debt is considered good if the loan has the potential to increase your net worth (eg through an appreciating asset). Bad debt refers to debt for investments or purchases that will depreciate in value. So how do you deal with bad debt?

If you're looking to get out of debt, the first step is assessing the type of debt you have and working out a strategy to resolve this. Without the correct strategy in place, it can be easy to fall into a 'bad debt' cycle (eg using one credit card to pay for another).

Here at Chase Edwards, we have trained personal debt reduction specialists. To get advice from a Chase Edwards team member, click on the link below:

The 3 Forms Of 'Bad Debt'

As previously mentioned, bad debt refers to purchasing items or assets that will depreciate in value. On top of this depreciation, you'll likely also be paying interest on top of this - often this is where people get into trouble. When it comes to bad debt, there are 3 main offenders:

  1. Vehicle / Car Loans
  2. Credit Cards
  3. Personal loans

Regardless of your type of debt - you have options. For example, refinancing your loans and credit can be a smart way to simplify your repayments. Ultimately you can save money on interest fees, and pay back your loans back faster.

How We Can Help Reduce Your Debt

If you've got some bad debt that you need to clear, there is a solution. Unfortunately, many people suffer in silence with long-term debt - never seeking help or advice.  Fortunately, there are various financial services that have been designed to help reduce and relief debt. 

At Chase Edwards, our goal is to help you get rid of your existing debt, and give you the strategy to stay debt-free in the future. Our experienced and professional team can overview your situation, explain it to you, and provide recommendations for the quickest path to reducing your debt. 

If you'd like to discuss reducing your debt, or book a free 60-minute consultation with a Chase Edwards team member, simply click the link below. 

Thank you Chase Edwards for helping me secure my financial Mortgage is now reducing...I have saved tax and the process was very easy..The professional staff were fantastic. .highly recommend that people should seriously make the appointment for the consultant to come to your will be the best thing you can do for yourself Jo.

Joanna Lody

Your Options For Debt Reduction

If you have a personal loan or bad credit score and are looking to consolidate your debt, there are options available. These consolidation loans consist of a singular credit account that combines all of your existing ones into a single unit.

It's important to understand the state of your credit, and the exact steps required to getting the loan setup and approved. Personalised loan options are generally available to each situation, however, prospects will be considered based on financial backgrounds.

If you're thinking about consolidating your debt, it's recommended that your advice and loan are specifically suited to your circumstance. At Chase Edwards, we have a team of experienced debt reduction specialists that can create a custom-tailored debt reduction strategy, just for you. To speak with a debt specialist, please enter your details through the link below:

Debt Consolidation Loans Explained

Typically, Australians' get stuck in bad debt as they are unable to make various loan repayments. This can happen for a multitude of reasons, including: losing a job, illness or unforeseen expenses. While this situation is not uncommon, without proper debt management, the situation has the position to spiral into a cycle of compounding debt, stress and anxiety

Consolidation loans have been designed to help people get out of their financial crisis sooner and can be a great option for those struggling with various repayments. These loans work by combining all of your current debts and placing them into a single personal loan. 

Through this singular repayment, you can save a great deal on debt interest rates and loan expenses. It also greatly simplifies the management of tracking and repaying your debt. This type of financing will be personalised to suit needs, and it has been specially designed to help those struggling with bad credit and unmade payments.

Australian Couple Reduce Mortgage

Advantages Of Paying Off Your Debt

Due to the aggressive interest on personal, car and credit card loans - paying off debt, as a rule of thumb, should be the primary personal finance goal for most Australians'. With your debt paid off, you'll have:

  • Freedom from month-on-month, high interest repayment
  • More money each week to save, invest or spend
  • Reduced financial stress/pressure
  • Increased financial security
  • A better credit score
  • Ownership of your assets

If you're ready to say 'yes' to living debt-free, get in contact with us today to speak with a debt reduction specialist. To speak with a specialist, or book a free 60-minute consultation, simply enter your details through the link below.