Debt management is a strategy that assists in managing your debts correctly. Non-deductible debt is money you use to purchase an item for personal use. This could mean taking out a home loan to buy the home you plan to live in or using a credit card to buy clothes. Deductible debt is used to purchase an income producing asset such as property that you intend to rent out or shares which will pay out dividend income to you.
Non-deductible debt is often referred to as inefficient debt because of its nature, whereas, deductible debt is referred to as efficient debt because of its nature.
Revolution Financial Advisers will assist you in determining your goals and objectives and then implement appropriate strategies that will help minimise, control, manage and potentially reduce your debt.