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Taking steps to manage debt

By the resi financial blog team, 24 December 2014

Taking steps to manage debt

There has been some talk that the next direction for interest rates will be down – but that shouldn’t lull you into thinking you can start spending more.

Any reduction in interest rates is welcomed by borrowers, and with rates at historic lows, it is easy to forget that they can also rise. But it’s important to be prepared for that eventuality. Any borrowers who have overextended themselves will run into difficulties once rates rise again.

Preparing for a rate rise comes down to having debt management strategies in place. 

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