The good, the bad and the ugly (with apologies to Clint Eastwood!)

There are good debts, bad debts and downright ugly debts:

  • Good debts enable you to get ahead in life, whether it’s to buy a home or enable you to invest property or shares. The key here is not to borrow more than you can afford.
  • Bad debts are debts that are not tax deductible and are used for buying things that you either consume or depreciate in value. Examples of these include credit cards and personal loans. If these debts are kept under control, they could simply be an expensive way for you to live.
  • Ugly debts are those that get out of control. This can happen for a variety of reasons including unexpected health problems or the loss of your job.

We can help you with debt management strategies to help you get ahead or get you out of trouble. We can advise you on:

  • How much can you afford to borrow without getting into financial trouble
  • Paying off your debts as soon as possible
  • Structuring your borrowings so you can maximise any tax deductions
  • Financial strategies to get you out of trouble if your debts are out of control

We also have a close working relationship with a fantastic mortgage specialist, and he would be more than happy to help you with your home loans.

TM Capital Advisers Pty Ltd (ABN 75 613 467 879), trading as Framework Financial Group is an Authorised Representative (AR 1246066) of DJA Capital Pty Ltd (AFSL 342893).
Anthony Moore is an Authorised Representative (AR 445216) of DJA Capital Pty Ltd (AFSL 342893).
Franco Trimboli is an Authorised Representative (AR 1008628) of DJA Capital Pty Ltd (AFSL 342893).

General Advice Warning

This advice may not be suitable to you because it contains general advice which does not take into consideration any of your personal circumstances. All strategies and information provided on this website are general advice only. Please arrange an appointment to seek personal financial and taxation advice prior to acting on this information.

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