Drowning In Debt? You May Have More Options Than You Think

Whether it's credit cards, personal or car loans - we can help you simplify and get out of debt.

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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:

  • Vehicle / Car Loans 
  • Credit Cards
  • 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 Soon Could You Pay Off Your Debt?

Get Your Free, No-Obligation Debt Reduction Assessment - Returned within 4 hours.

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 future...my 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 house..it will be the best thing you can do for yourself Jo.

Joanna Lody

Wow!! If I didn’t answer my phone I wouldn’t have been able to buy my dream car, the telemarketer was patient with me and I went ahead with appointment and yes, the consultant found tax savings for my partner and me that my accountant and financial advisor didn’t!!! Was a bit surprised because I pay for my advise and chase Edwards appointment was free!,, I am impressed!!!!! Thank you. Always a pleasure when thinking about my savings because I love saving money!!!!!

Sara Drake

My partner and I were very impressed with the team at Chase Edwards. They explained the wealth strategy concept well and gave us immediate feedback each step of the way. Steve, Stuart and Michelle were accommodating and professional during each step of the process. Although we had some unavoidable issues along the way the Chase Team kept us well informed and tried hard to ensure we achieved the best possible outcome.

The Chase Edwards team have looked after every aspect of this investment venture and as a result we have tenants in and are on our way to creating our own financial security in our latter years. I would recommend Chase Edwards to anyone considering purchasing an investment property. They kept us informed of all developments, organised for us to attend hand over and paid for accommodation and a hire car to do so and worked with us to create a mortgage reduction program. The property is at Hamlyn Terrace on the Central Coast. I can only guess how much they have saved us – I would imagine it was in the thousands!

Joanne Tranter & Lee Grayndler

They make it all so easy and it takes the stress away from us. In far less than 12 months Chase Edwards has helped us in building and setting up an investment property. They assisted us with every stage from organising our finances to seeking out tenants, who will be in within a week of the handover. Everything ran smoothly along the way, I did not think the process of setting up a new rental property would be as simple as it was through Chase Edwards. They make it all so easy and it takes the stress away from us. I would recommend you attend one of their seminars or contact them directly to make an appointment.

Paul Hungerford & Belinda Wright

The team at Chase Edwards are amazing, understood my needs and offered us a few different choices. The staff were very helpful and knowledgeable. Highly recommend

Jackie Wenzel

Chase Edwards was a great experience, staff were very knowledgeable, helped my family out in a big way. Haven't looked back since.

John Dbais

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.

How Soon Could You Pay Off Your Debt?

Get Your Free, No-Obligation Debt Reduction Assessment - Returned within 4 hours.

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.

Get A Free Debt Assessment, That Won't Affect Your Credit Score

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