Debt Management in Oakleigh

Looking for Debt Management services in Oakleigh?

Look no further than Mint Financial Solutions. We offer straightforward accounting, taxation, and bookkeeping services that will you make smart decisions with your money. We are experts in our field, and take the time to understand your needs, constraints, and values so you can achieve financial security.

  • Setting Up Good Debt

  • Debt Consolidation

  • Cash Flow Management

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Debt Management Services Oakliegh

We have tried-and-true ways to pay off debt faster. We'll work with you to consolidate your existing debts and restructure them so they're easier to handle. We'll also help you make a budget that lets you get control of your debt while still living the way you do now.

Good Debt

Good debt lets you buy assets that will go up in value. The interest on the loan is often tax-deductible, and you can use the income from the asset to pay off the debt. Some examples are investing in real estate, stocks, and managed funds.

Bad Debt

Bad debt is debt that is used to buy goods, services, or assets that can't make any money and/or lose value. The interest on the loan isn't tax-deductible, and the asset doesn't bring in enough money to pay off the debt. Some examples are credit card debt (if it's not paid off during the interest-free period), personal loans to buy cars, and some home loans.

Wealth Creation With Mint Financial

Good debt is one of the best ways to start putting your money to work and making passive streams of income that will help you build real wealth. Mint Financial has many ways to deal with debt and make money that can help you reach your goals faster.

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Positive Debt Management

Putting the power of positive debt to use There are a number of things you can do to get your personal finances in a place where you can start to use debt to your advantage and build wealth.

Debt Consolidation

Multiple loans will cost you more in interest and fees than necessary. Raising your mortgage can be beneficial if you use the extra money to pay down unproductive debt, such as credit card bills and personal loans. Your mortgage payments will stay the same, but you'll use the lower interest rate to pay off other debt.

Making your Savings Work Harder

Many people prefer to maintain money in a cash savings account as a ‘emergency' fund or ‘buffer'. This money is better stored in a ‘offset' account linked to your mortgage. You'll increase your after-tax return and shorten your mortgage term without locking up funds.

Better Cash-flow Management

Cash-flow management reduces bad debt. The goal is to lower interest payments by raising mortgage payments, increasing the amount paid, paying your entire paycheck into an offset account, or using an interest-free period on a credit card to pay for daily costs (freeing up additional funds for paying off your house loan).

Borrowing to Create Wealth

After reducing bad debt, create positive debt. "Gearing" describes this. If you invest effectively and your assets develop in value, gearing helps you create wealth since investment income (and capital growth) pays off the debt and surpasses debt-service costs. Property or stocks are good investments. Borrow against your home's equity, take out a margin loan, or participate in a managed share fund.

Debt Recycling

As you pay off your home loan, you can use the equity to invest in shares or other property, turning bad debt into good debt that can be used to pay back the loan and provide tax savings. Any extra money can be put towards your mortgage to reduce interest costs.

Invest in a Managed Share Fund

A managed share fund is 'internally geared,' so you don't need an investment loan but can still profit from borrowing to invest. The fund management borrows at wholesale rates to invest in foreign or local share markets.

Invest with confidence

You've worked hard to build your wealth, so when it's time to look at your long-term plans, think about new investments, or manage your portfolio, you want an expert by your side who can recognise and evaluate all risks, understand how complicated the market is, and give you advice that fits your financial goals.

Any investor can find it hard to make sense of the increasingly unstable markets and the constant noise made by the media. It is important to get advice from professionals in the field. Mint Financial is here to help you deal with uncertainty, market speculation, and feel confident in your investments.

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See what our clients say about our Financial, Accounting & Lending services

Nash Nwz
Nash Nwz
09:31 20 May 22
Hishan and team were great to deal with. They provided us with a thorough review of our options and got us the best deal for our situation making the whole process simple and easy. I highly recommend their services.
Anne Gartshore
Anne Gartshore
01:08 25 Mar 22
We have been dealing with Hishan and his team for over a year now with our superannuation and planning advice. Very happy with the path that they recommended to us and the performance in the past year, especially during such a trying time globally. Would not hesitate to recommend.
Babak Bozorgy
Babak Bozorgy
21:09 12 Oct 21
Professional service, friendly and quick to respond. Highly recommended!Thanks guys, keep up the good work!
Tom Sharp
Tom Sharp
05:06 07 Oct 21
A million thanks to Mint Financial Solutions in resolving the issues withCentrelink having cancelled the Age Pension Payment and Benefits for over 15+ weeks, actually last payment was early June. Next Payment received 4th October due to the professionalism at Mint Financial Solutions. Thanks to the Team at MFS from Rhonda & Tom Sharp : it good to know that MFS know how to do it better than any.
Mike oppedisano
Mike oppedisano
07:07 21 Aug 21
We have been clients of Mint Financial Solutions for the last twelve months; The team is very professional and friendly in their approach to us the customer, with lots of knowledge and experience. They helped us make an informed decision with our investment. At that time, we were not sure what we were going to do with our money.The plan laid out by Hishan and his team clearly set goals and rewards. These have been proven and very beneficial over the last twelve months. The growth was even more than what was predicted.We are especially happy with Hishan, Marlon and the rest of the Mint Financial Solutions team and very grateful for their help. More people should be made aware of the expertise and assistance they could provide.
Wolfgang Doehnert
Wolfgang Doehnert
03:51 18 Aug 21
In the 12 months this Company was engaged to continue as our financial advisors we have been extremely satisfied with their performance financially and in quality of service. Our unusual needs and fast response was met. The team and I say team because if someone is away there has always been another person to actively respond in a timely manner. Well done to the frontline staff and in particular, the back office staff, for their help and support during these COVID times.
Nishan Joseph
Nishan Joseph
01:16 22 Apr 21
I have been using the services of Mint Financial Solutions since its inception, and I am truly grateful and appreciative of the professionalism and care they take when recommending services to me, only providing what is reasonable and relevant to my situation and circumstances. A key stand out on the team is Crystal Nguyen who has been helping me over the last few years in order to get approved for a refinance application. Her patience, dedication and level of professionalism is beyond remarkable, I am extremely appreciative of the hard work she has put in for my case, despite many setbacks we finally got there in the end. Thank you very much Crystal.
Kaye Baynes
Kaye Baynes
07:38 10 Mar 21
Hishan and his team have always given the best service and advice always available and nothing is to much trouble .
Ramesh Navaratne
Ramesh Navaratne
22:55 27 Jan 20
I started a conversation with Marlon at Mint Financial services over 8 years back and since then he had assisted me in many insurance related and investment related transitions. The advice and the systems put in place by Marlon and the team came in handy when about two years back I had a health and financial issue in the family. Am I glad that he prepared me and gave me the correct advice at that time and if not for Marlon and the team I cannot imagine the sate of my family given commercial stability defines all other day to day problems that you need to deal with. Wish the team all the best and can recommend them highly of the professionalism and excellent service.
Sherone Algama
Sherone Algama
12:50 22 Jan 20
I have received invaluable financial advise and tailored solutions over the past two years from Marlon De Kauwe; and would like to commend on the professionalism & dedicated service i was provided with; which indeed was value for money.Thanks Marlon.Prasad Algama
Shabnam Bozorgi
Shabnam Bozorgi
21:29 09 Oct 19
I have been using their service for years now, their team have manages my tax and home loan, very professional and committed, I couldn't ask for more, always responsive, and can handle complicated cases very well.
Imran Wahid
Imran Wahid
05:57 20 Sep 19
The best place to get financial advice,I am really satisfied with services.I got all from tax return to super annaution and investment all in one office.
Saliya Gunawardena
Saliya Gunawardena
20:27 03 Apr 19
Hishan and the team at Mint Financial Solutions have been amazing to deal with. They helped me refinance and obtain a very competitive interest rate on my mortgages. I highly recommend Mint Financial Solutions, they are professional, committed and can get you the right outcome you seek!
Brent Germain
Brent Germain
05:19 02 Apr 19
Hishan and The Team at Mint Financial Solutions have been brilliant, helping me every step of the way (and keeping me in the loop) in obtaining a homeloan to build my dream home. Very happy with the high level of service and professionalism shown!
Nigel Sewera
Nigel Sewera
03:43 26 Mar 19
Hishan and his team have given me great guidance and honest advice with all Financial matters, most recently with all the help and support they provided with my mortgage.Mint Financial Solutions are always extremely professional and reliable and provide great customer service. I highly recommend them
neela unadkat
neela unadkat
08:18 25 Mar 19
I am a retired banking officer and I have found Hishan Naufal and his team to be extremely efficient prompt and thorough. Very useful and grateful to him and all his team for all the guidance and advise we have been given . They are very upfront and fair with their advise . My whole family seek his expertise and I have recommended Hishan and his company to many of my friends and colleagues who have been grateful for recommending him.Well done Mint financial Solutions keep up the good work 👏😊
Steve P
Steve P
23:42 31 Jan 19
I have had the pleasure of engaging Patrick to assist me in a number of complicated financial matters. He is punctual, efficient and above all else provides excellent service, which has helped me secure my financial future and saved me stress and from a financial standpoint. Give him a call as he is great value.
Avelyn Miranda
Avelyn Miranda
05:18 17 Aug 18
Hishan and his team were excellent from start to finish with my recent property purchase. Mint Financial Solutions have been my financial planners for the last 4 years and I highly recommend them for service and cost.
Don Australia
Don Australia
00:24 06 Jul 18
Thank you Hishan for your never ending support the past 2 yrs. Very talented team and extremely fair rates. These guys are definately the go to for any brokering or mortgage needs.
Amal S.Z.
Amal S.Z.
02:32 05 Jul 18
One of the most trust worthy and competent financial adviser I have ever come across. Can always trust Hishan and his team to give sound and honest guidance in all financial matters. Thank you!
Three13 Group
Three13 Group
02:22 05 Jul 18
Thanks Hishan for assisting us with the restructure and land settlement. Good to have a great business partner to count on when the time calls for it.
Ali Kazemi
Ali Kazemi
02:20 05 Jul 18
Hishan and his finance brokerage team have helped me get a mortgage for a property most thought would be too complex to do (using different legal structures). Competent and highly responsive team!
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Mint Financial Solutions FAQ

What is debt management?
Debt management is a way to get your debt under control through financial planning and budgeting. The goal of a debt management plan is to use these strategies to help you lower your current debt and move toward eliminating it completely.
How is debt management important to a company?
It is aimed at providing relief to creditors to the extent that the unwanted stress that had built up is reduced or removed. In a way, debt management is the method of creating elbow room for business finance that makes maneuvering of finances quite easy without affecting the business operations
Why is debt management important?
The analysis and management of a country's debt portfolio are critical not only for maintaining macroeconomic stability. They also mobilize long-term resources for the country's development and help create the building blocks for a domestic money market.

We'll Secure Your Future Without Sacrificing Your Present By Helping You Plan & Achieve Your Financial Goals

Strategic financial planners that understand what is important to you, and guide getting you to where you want to be. Paying off debt, buying a house, starting a family? or a dream retirement? We can help get you there. Book your free appointment!

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