debt experts gold coast

Effective Debt Management on the Gold Coast

Whilst we would all like to think that every cent we earn works for us positively, sometimes the dollars and cents just don’t add up, causing debt.

According to new research from ING, 25% of all Australians and 51% of millennials ignore their debt because they don’t want to talk about it. Moreover, of those ING surveyed, one in three said that they are not sure what they could be doing differently to manage debt (37%) and are concerned they will never get out of it (38%).

An effective debt management plan can help you navigate through your debts, and provide strategies to change your debt from working against you to working for you.

Good Debt Vs Bad Debt

Even the richest of the rich have debt. But the big difference is the rich leverage good debt (deductible debt) to maximise their nest egg. In contrast, others accumulate bad debt (non-deductible), which sends them into a financial spiral.

The key to achieving good debt and minimalising bad debt lies within expert debt management. On the Gold Coast, there is no better debt management advisory firm than that of Centaur Financial Services.

If your debts are preventing you from building on your nest egg, then chances are, bad debt, such as credit card debt, is pulling you down; working against you. Good debt, such as your mortgage, on the other hand, is building your nest egg; working for you.

Chat to one of the most experienced debt management firms on the Gold Coast, Centaur Financial Services, to turn your bad debt into good debt.

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How Centaur Financial Services Can Help

Whilst it’s easy to say, “just spend less and save more“, understandably, things can get a little overwhelming. It can be challenging to know where even to start, which debt to pay off first, or how to leverage savings to your advantage.

Debt management is all about minimising bad debt to focus on paying off good debt, and this is precisely what Centaur Financial Services can do for you.

Our experienced Gold Coast debt management advisors have a wealth of knowledge and proven debt management strategies that help reduce bad debt and accelerate wealth accumulation. We work with you to identify your debts, analyse the good from the bad and cultivate an action plan that puts you back in control of your finances.

We take into account your current financial position and will help you prioritise your goals and future financial aspirations. Together, we can help you achieve your dreams.

Effective Debt Management Strategies

An effective debt management plan doesn’t focus on just one strategy; instead, it comprises multiple strategies tailored to your current financial situation. True, debt management starts with professional advice, but along with the advice, we recommend strategic actional measures, that when combined, can help optimise your debt repayments and place you in a better financial position.

A simple structure change to bad/non-deductible debt can produce excellent results, which can potentially get you decades ahead, and save you hundreds of thousands in interest. Doesn’t that sound good?  These are facts, and with the help of our debt management experts, you can avail such benefits.

To find out which debt management strategies are best for you, simply contact us to arrange a Complimentary consultation.

Centaur Financial Services utilise many debt management strategies, such as:

Debt consolidation and refinancing
Tax efficiency of investment loans
Cash flow control
Reducing tax payable
Reducing interest payable
Reducing loan terms
Effective use of a lump sum
Effective use of cash reserves
Prepay interest
Debt recycling

The Centaur Difference

Centaur Financial Services are award-winning financial planners, specialising in all areas of finance, including debt management planning. Our Gold Coast debt management specialists can help develop a debt management plan that works for you and helps you reach your financial goal before you retire.

We tackle your debt woes with a holistic approach. We get to know your big picture; we review not only your good and bad debts but your entire financial position. We analyse your personal, professional, and family situations, and investigate the most efficient strategies for swapping your bad debt for good debt. We then draw from practical experience and our effective strategies to devise a debt management plan to meet your objectives.

Experience the Centaur difference first hand by making a non-obligation appoint with one of our Gold Coast debt management advisors today.

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debt management benefits

Benefits of Debt Management

Whether you have bad debt, good debt or a combination of both, a debt management plan from our expert advisors will be beneficial. With an active debt management strategy in place, you can take back control of your finances and look forward to a more prosperous future.

Our Gold Coast debt management advisors can help you:

Identify inefficient and efficient debt
Help you understand the difference between good and bad debt
Implement debt payment strategies
Create a realistic monthly budget
Identify areas to cut back to put towards debt
Gain peace of mind
Worry less about meeting repayments
Get confidence in your financial future

Frequently Asked Questions About Debt Management

  • What is debt management?

    Debt management is the process of investigating one’s current financial position, taking into account personal, investment, and income circumstances, to identify good and bad debt. A debt management plan, using effective strategies is then formulated and set in motion to turn bad debt and into good debt, which in turn, aids wealth accumulation.

  • How to pay off debt quicker?

    The question everyone wants to know is, how do I pay off my debt quicker? Well, it is easy, but you have to be motivated and be prepared to change your spending habits. The only way to pay off debt quicker is to assign funds from elsewhere onto your debt. This may mean only eating out once a week, or not at all. Other surefire ways to pay off debt quicker include

    • stop using your credit cards – if you can’t afford it, don’t buy it. You will never pay off debt if you keep accumulating debt.
    • Call the bank and ask them to reduce your credit limit – you can’t spend it if you don’t have it.
    • Keep track of your spending – give yourself a spending limit, and don’t surpass it.
    • Meet your monthly payment requirements on time to avoid additional interest.
    • Pay more than the minimum payment each month.
    • Meet with a debt manager at Centaur Financial Services
  • Do debt management plans work?

    Yes! Of course, but our Gold Coast debt managers can only do so much. Having a plan in place is one thing. Following the plan is another. Just like a dog trainer; they can show you how to train your dog for better behaviour, but if you don’t uphold your end of responsibilities and continue to implement change, then they will go back to their old behaviour.

    It’s up to you to continue actioning the advice and recommendations of your debt management plan for change to take place. Fail to do so, and you will go back to accumulating more bad debt, and your goals will continue to be further and further out of reach.

  • How does managing debt manage financial risks?

    The is some degree of financial risk in all forms of debt; whether it’s a mortgage, credit card, personal loan or otherwise.

    Financial risk categories include liquidity risk, funding risk, interest rate risk, foreign exchange risk, commodity price risk, and business or operation risk. The more in debt you are, the higher the extent of risk exposure. By having a debt management plan in place, you are essentially reducing your risk exposure by meeting your payment obligations.

See what our happy client's have to say about us!

Long time client of Hugh and the team - extremely happy with the thoroughness and attention to the individual circumstances as life changes.
sandra gibbs
sandra gibbs
00:41 11 Oct 21
Being introduced to Hugh Robertson by our long term accountant 10 years ago turned into a great relationship with a progressive young man who cares about his clientele as well as their wealth creation and retirement plans!!
russell bloxsom
russell bloxsom
01:52 08 Oct 21
Going to visit Hugh is a real pleasure and not just something I have to do.Hugh is a genuinely delightful and sincerely man, caring about all of his clientsAnd obviously doing his very best at all times.His Staff are all personally chosen to reflect his qualities.I would recommend Hugh and Centaur Finances to anybody needed quality care for their finances.Marilyn Culell
Marilyn Culell
Marilyn Culell
00:08 07 Oct 21
We have had the pleasure of working with Hugh and his team over the last year as well as being used by other family members for years. Centaur Financial Services is nothing but professional, helpful and very friendly - Couldn't recommend the team enough.
Courtney Edwards
Courtney Edwards
03:44 06 Oct 21
My wife and myself have invested with Centaur Financial Services and I am very happy with their service. My son and daughter have also invested with them. They have our whole family.
Wayne Evans
Wayne Evans
10:13 05 Oct 21
We are very satisfied with Hugh's (Centaur's) management of our SMSF and the fees are more than competitive and realistic.
John Beard
John Beard
05:55 04 Oct 21
Very professional and knowledgeable in the Finance & Super business Hugh and his team are at the top of the game when it comes to dealing with personal finance. Extremely glad to have Centaur taking care of my future..
Dave Hair
Dave Hair
06:43 09 Sep 21
My Wife and I have been with Centaur Financial Services Gold Coast for several years and have had not only Professional service but well explained information with better than expected results , we would highly recommend them.
Richard Kownacki
Richard Kownacki
05:10 06 Sep 21
The team at Centaur have provided us with great insight into investing. We had spoken to the others, before the team at Centaur. We found them to be responsive, timely with the information we required. As a result of the professionalism shown, I have sought their advice for my whole family. A special mention to Jenna Wheeler. What an asset, she is goal orientated and will extend herself to ensure clients needs are fulfilled. Highly recommended.
Paul Grech
Paul Grech
23:33 02 Sep 21
My initial consultation with Jenna gave me more advice and assistance than I had expected. Jenna's friendly yet professional manner and knowledge has given me the confidence to book another appointment with her for assistance in my impending retirement planning.
Susanna Fonay
Susanna Fonay
04:51 01 Sep 21
Hugh talks to you as a friend, and as an adviser .He speaks at your level and knows the best products to suit where you are in life. We thoroughly recommend Centaur Financial Services, Hugh and the team.
Steven Caruana
Steven Caruana
07:01 29 Aug 21
If you are looking for a company that will go above and beyond to look after you and your money, you can do no better than Centaur Financial Services. Real People, Real Service and Real Returns.
Karen Hobbs
Karen Hobbs
07:26 24 Nov 20
Hugh has been our financial advisor for over ten years. We have always felt very comfortable and confident, trusting in Hugh’s knowledge and strategies in his industry. The Centaur team are friendly and efficient and would have no hesitation in recommending Centaur Financial Services to anyone looking for financial advice.
Pam Lindores
Pam Lindores
06:38 24 Nov 20
Hugh has always made us feel comfortable in every interaction we have had with him and his team, very professional but to a standard that we as non financial experts understand what he is talking about, we feel his advice to us has always made sense.
Peter Craig
Peter Craig
10:12 23 Nov 20
I have felt comfortable from the outset with all interactions with Hugh and the crew. It is nice to feel this way and I feel a rare experience in our current business climate.
Linda Leighton
Linda Leighton
10:03 23 Nov 20
Could not be happier with how our Super is being handled. Hugh and the pleasant girls at Palm Beach would literally bend over backwards for any of their clients.We would not hesitate to recommend Centaur Financial Services to anyone that is looking for a reliable and honest crew to look after their financial affairs.
Ronnie Foley
Ronnie Foley
05:30 07 Aug 20
I have found all members of Centaur staff to be unfailingly prompt, efficient and considerate. They have all seen me through some difficult personal issues and i would have no hesitation in recommending the firm to anyone in need of financial planning assistance or advice.
Ronald Black
Ronald Black
03:59 23 Jul 20
I have known Hugh for more than ten years and have always found him approachable, direct and very client centric. Hugh was a deserved winner of the 2018 AFA Adviser of the Year award, an award which eclipses all others in the advice profession. Hugh and his team at Centaur support many Australian families on their financial journey with advice that provides certainty and peace of mind.
Marshall Brentnall
Marshall Brentnall
23:05 30 Oct 19

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