Debt levels have been steadily rising over the past few decades, but it’s important to understand that not all debt is bad.
If you use debt to invest in assets that appreciate in value, that is an example of using debt in an intelligent way. On the other hand, using credit to fund discretionary purchases such as shopping or travel expenses can be an area where people fall into trouble.
If you’re finding yourself getting into too much debt through the use of credit cards, there are a few steps you can do to get out of it.
Our in-house Mortgage Broker can help you work out the best loan to finance your needs.
Get in touch to start a conversation.