It is difficult to pay off your outstanding debts whilst having day-to-day expenses to manage. If circumstances change, it makes it even harder to manage repayments. In such case, it is essential to create a financial strategy which can help reduce your debts and drive you towards financial freedom. You can either choose to pay off your debts with the smallest balance regardless of the interest rate (The Snowball Method) or decide to pay off the debts that accrue the highest interest regardless of the outstanding balance (The Avalanche Method).
At Australian Debt & Insolvency Solutions (ADAIS), we take the time to understand your personal situation and work with you to create a sustainable debt reduction strategy. Give us a call on 1800 212 452 to see how we can help you pay off your debts successfully.