Reduce Debt

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. At PJT, 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).

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.  It’s also important you are operating within your financiers loan terms as this could put your assets at risk.

If you want personalised advice to help reduce your debt, PJT can assist you make informed decisions which will increase your wealth in the long term. PJT can assist you with specialist advice through PJT Financial Services – for more information please click here.

GENERAL ADVICE WARNING: This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.

Merit Wealth LogoPJT Accountants & Business Advisors Pty Ltd CAR Number 1243046 ABN 13615402189 is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361

Wayne Patten ARN 277883 is an Authorised Representative and Jodie Thompson ARN 277884, is a Limited Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361

Website: www.meritwealth.com.au | Privacy Statement. | Link: PJT FSG

Reduce Your Debt

reduce-debt

BOOK A CONSULTATION
Subscribe to Our Newsletter
CONTACT US

What Client's Say

  • "PJT has always provided exceptional accounting service and advice relating to business operation, planning, taxation, investment and more."

    ,
  • "The principals and staff are always approachable and display a sincerity in your business and situation."

    ,
  • "PJT have made our life of running our own business much easier, knowing they are up to date with the latest in tax laws, and happy to help out with any queries we have

    ,
  • "PJT has always provided exceptional accounting service and advice relating to business operation, planning, taxation, investment and more."

    ,
  • "The principals and staff are always approachable and display a sincerity in your business and situation."

    ,
  • "PJT have made our life of running our own business much easier, knowing they are up to date with the latest in tax laws, and happy to help out with any queries we have not matter how small."

    ,

Read Related Articles

New Payments Platform – Could this be the End of Debtors?

Later this year the New Payments Platform (NPP) is due to be launched. The Reserve Bank of Australia has played a critical role in the development of the NPP. ...

A Success Story - Refinancing a Hotel with ATO debt

Background My client owns the freehold and operates a hotel in Western Queensland. They were being pressured by their lender to make debt reductions, and had been given a three month ultimatum. My client has maintained a consistent ...

Can Bad Debt Ever Be Good?

Whether by design or necessity, debt has become quite a normal part of a business. The first idea when you hear or talk about the word ‘debt’ is that it’s bad. But not every debt is bad, some ...

Looking to Borrow Money? Good Debt vs Bad Debt

You can fund a business either through cash or through a loan. Cash simply means having the available money to, while a loan is a debt you have to pay back in the future. Any loan comes with ...