Debt Reduction

When it comes to debt management, the most important thing is to get started. The longer you leave debt ‘unattended’, the bigger it grows. 


The second thing to consider is the most effective way to reduce your debt. There are many types of debt in our financial system such as:


  • credit cards;


  • mortgages;


  • personal loans;


  • car loans; and


  • investment loans. 


Not all debt is ‘bad debt’.  For example, it may be prudent to hold on to an investment loan if that capital is generating a profit elsewhere (such as in a managed fund or investment property).  However, for bad debt such as high interest credit cards and personal loans, it is better to get started on paying them off.  Once you have got back to a neutral position, you can then start moving forward and focusing on wealth creation.


A Fiducian Financial Planner can discuss your debt position and assess the most effective way to improve your circumstances.              

Specialist Planner

Schedule a consultation with our Debt Reduction expert. 


© 2023 by Fiducian Financial Services Canberra

Authorised Representative of Fiducian Financial Services Pty Ltd, ABN 46 094 765 134, AFS & Australian Credit Licence No. 231103

The information of this site is general in nature.  It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.

You should also read the relevant Fiducian Product Disclosure Statement and Financial Services Guide before making any financial decisions. Call 02 6162 2656 for a copy.