Graeme Holm and Infinity Group Australia on Debt Consolidation

Graeme Holm and Infinity Group Australia talk about debt consolidation

For Australian families hoping to work on their financial fitness, Infinity Group Australia and MPA Top 100 Broker Graeme Holm offer ongoing guidance, support, and helpful tips. Their expert coaching makes it possible for everyday Australian families to achieve even their loftiest financial goals.

Although many individuals in debt are tempted to try debt consolidation, Holm and Infinity Group Australia caution that this practice is best avoided. In this article, we’ll explain why debt consolidation isn’t your best bet—and what approaches Graeme Holm and Infinity Group encourage instead.

About Infinity Group Australia and Graeme Holm

Graeme Holm is the director of Infinity Group Australia, with locations in Bella Vista, Cronulla, Melbourne, Brisbane, and Port Macquarie. Holm spent the first decade of his 17-year financial services career in a Big Four banking environment.

While there, Holm observed that many of his clients were living paycheck to paycheck and making only minimum loan repayments across the 30-year term. He became frustrated with Australian families receiving a poor deal and suffering from lack of ongoing support and services.

In 2013, Holm decided to combine his passion for finance with his desire to get a better deal for Australian families, and Infinity Group Australia was born. When Holm opened his first office, it had just a couple of desks and even fewer employees, but his client-first approach proved highly successful, and business quickly expanded to five locations.

With help and resources from Graeme Holm and his team, clients eliminate an average of $41,000 in debt within 12 months. 100 percent of clients pay more off their home loans in just three months with Infinity Group Australia than in the full 12 months prior.

To help families reach their goals, Infinity Group Australia acts as a “personal trainer” for client’s finances, providing coaching, performance reports, detailed reviews, and a variety of tips and suggestions, including avoiding debt consolidation.

What Is Debt Consolidation?

Debt consolidation combines several high-interest debts, such as credit card payments, into one monthly bill. It promises (often falsely) lower interest rates and a lower monthly payment.

This arrangement is tempting for families because of claims that it will reduce your total debt and get you organized so you can pay off debt faster.

The two main ways to consolidate debt are:

1) Transfer all debts onto a 0% interest, balance-transfer credit card and pay the balance in full during the promotional period.

2) Get a fixed-rate debt consolidation loan and use the money to pay off your debt, then pay the loan off in installments over a set time period.

Why Should You Avoid Debt Consolidation?

Debt consolidation doesn’t sound too bad so far—so what’s the catch? Let’s look at a few reasons Graeme Holm and Infinity Group Australia suggest avoiding debt consolidation.

Lower Interest Rates Aren’t Guaranteed

The truth is that debt consolidation often promises one thing while delivering another. The lender or creditor sets your interest rate, which is generally dependent on your credit score and past payment record.

Even if you qualify for a low interest rate, it’s not guaranteed to stay low. In the case of credit card balance transfers, for example, this tempting low interest rate is only for a set promotional period. After that, the rate will rise and continue to increase over time.

This means that one of the biggest “benefits” of debt consolidation isn’t even a guarantee.

You’ll Be in Debt Longer

Another issue with debt consolidation is that you’ll be in debt longer, when the goal should be to get out of debt as quickly as possible.

The reason your monthly payments are typically lower is because you’ll be paying them for a longer amount of time. In the long run, this usually means you’re paying even more money than you would have otherwise.

The bottom line is that you’ll spend more time in debt than necessary. Your monthly payments may be lower, but the total amount you pay will likely be higher.

Your Financial Behaviors Won’t Change

When it comes to financial fitness, debt consolidation is only a temporary solution. It fails to address the underlying issues or behaviors that led to you and your family being in debt.

Often, people consolidate their debt and eventually pay it off, only to go into debt again. That’s because they haven’t taken the time to plan, budget, or otherwise establish healthy financial habits. Simply treating the symptoms of your money management problem isn’t enough to live a less stressful, debt-free life.

So What’s the Answer?

If debt consolidation isn’t the solution, then what is?

Instead of borrowing loans to pay off other loans, it’s necessary to address the financial behaviors that led to this situation in the first place.

Infinity Group Australia and Graeme Holm don’t offer flimsy short-term solutions. They help you create a long-term plan for staying out of debt and creating wealth.

Infinity Group Australia starts with a fact-find that goes into extensive detail around household expenses and ongoing family needs. With this information in hand, the team collaborates with clients to develop a weekly cash-based budget for expenses such as fuel, groceries, travel, and entertainment.

Clients then receive a monthly performance report that allows them to determine if they are reaching their goals and expectations or if adjustments need to be made to the previously developed budget.

Infinity Group Australia Reviews

This approach may require more commitment and work on your part, but it produces real, lasting results. For proof, just read through a few Infinity Group Australia Reviews.

After working with Graeme Holm and Infinity Group Australia, says Aisha Aboud, “Our finances are now in control. We are no longer spending on a whim…We feel in control at all times and we know where our money is going and what it is doing.”

Daniel and Bernadette Smith say, “Since joining the Infinity Group family, it is the first time in 18 years we can see light at the end of the tunnel.”

Ian Abela adds, “Infinity Group Australia has been able to reduce our home loan from 17 years down to 5 and a half and put us onto a self-managed super fund so when my wife and I are ready to retire we will be able to live comfortably.”

Client Rachel Ninham shares, “The kids are happier because we are happier, less stressed, have fun, and laugh again. So thank you Graeme and Infinity Group Australia for the system, the advice, and the hope.”

Debt consolidation may sound good at first, but it isn’t a lasting solution. Your family deserves long-term financial fitness that leads to the creation of wealth and a secure future.

Final Thoughts on Graeme Holm and his Company

Like personal fitness journeys, financial fitness journeys require effort, time, and commitment. It may not be easy, but Graeme Holm and Infinity Group Australia put their clients first, providing the support needed to ensure financial success for everyday Australian families.

Part of this process involves working together to create a reasonable cash-based budget and a financial plan that is tailored to your family’s needs. “Quick-fix,” short-term solutions like debt consolidation will not help you in the long run.

By building a long-term plan with financial experts like Graeme Holm and Infinity Group Australia, committing to a weekly budget, and receiving ongoing advice and support, you’ll help your family secure the financial fitness you’ve always dreamed of.

 

Haley Thompson

About Haley Thompson

Haley is a journalist with over 10 years of experience in the field. She has held many editorial roles at a number of high-profile publishers – both offline as well as online.

View all posts by Haley Thompson →

26 Comments on “Graeme Holm and Infinity Group Australia on Debt Consolidation”

  1. This is a well-written, informative article. I agree that debt consolidation isn’t the solution, and it’s a good thing we have companies like Graeme Holm’s to help people get out of debt.

  2. thank you so much! this explain a lot to me. I paid off part of my debt using a balance transfer on a 0% APR offer card. Now in thinking on doing a consolidation debt to really be debt free in a few Months so happy i ran into your article.

  3. Great article, as expected from someone as talented as Haley Thompson. I have learned a lot of debt consolidation and why it matters in the real world. Its kind of disgusting that companies would offer it in the guise of trying to help people in debt out, when in reality they are trying to snatch even more out of their pockets

  4. I’ve watched too many of my friends fall into the hell that is debt. Whether it’s from school, loans, it’s always very difficult to deal with. Some people need help with this and they should get it.

  5. This is very informative and well described. It’s easy to understand all the points being made about this debt consolidation event. I know that this is a good idea because debt is never a good thing for any company. I enjoyed it a lot and will share what I learned with all my friends.

  6. Thanks so much for sharing a great article! Very lucky to not have a lot of undergraduate debt right now, but definitely looking at law school debt in the future (if I choose to pursue that path). I did not know a ton about the issue so this article was quite helpful. I would probably have thought debt consolidation was the way to go.

  7. I thought this article was very informative and how it exposes the truth of families, in Australia, who are living paycheck to paycheck. I thought it was especially interesting how it talks about some of the spending behaviors of families that are often caught in this financial treadmill that can help break them off of this cycle and moving towards a better and more debt-free life.

  8. Infinity Group Australia helps people with their financial goals. They are honest and tries to help people avoid debt consolidation. Graeme Holm and his team are getting people better deals. They are letting people know why they should avoid debt consolidation. This is a good article about debt consolidation. People need to understand this issue.

  9. Very informative article. Debt is a hard thing to manage when you have a lot of it and do not know where to turn. This article makes a lot of sense and I think debt consolidation explained here is a good thing.

  10. This is well written. I don’t know much about debt, but it is true you need to cut the behaviors that led to the debt in first place. I was actually thinking of getting a loan to pay off another loan, I’m so glad I read this. I need to learn to pay off my debt and stop cycle to be financially free. I glad to debt consolidation is only a temporary fix.

  11. great article! Very lucky to not have a lot of undergraduate debt right now.nfinity Group Australia helps people with their financial goals. They are honest and tries to help people avoid debt consolidation. it is great for Like personal fitness journeys, financial fitness journeys require effort, time, and commitment. It may not be easy.this is best idea ‘Debt consolidation doesn’t sound too bad so far—so what’s the catch? Let’s look at a few reasons Graeme Holm and Infinity Group Australia suggest avoiding debt consolidation’.
    thank u very much.

  12. This a great article it is very well written And very informative about debt and Mr.Holm really knows what he is talking about

  13. Wow this is very informative. Great job on this article. This information has opened my eyes to see such great new opportunities now. I’m glad I came Across this. It will provide a much needed hope for people going through just about the same things as I am. Great job!

  14. wow.. wonderful really useful article. the author said is the great sympathy. this article can be detailed about health improvement advice for people specially debt and Mr.Holm ‘ s article is really helpful. sounds great. thank alot.

  15. thanks for taking the time to write this out. I dont think that people know enough about debt consolidation. there just isnt that much information out there that is reliable and that you can read and trust that the person know what they are talking about. Well done!

  16. This article is a very good read. It definitely points out some key facts that contribute to alot of common debt. Where I’m from I would definitely like to see more of system like this to help get out of debt. In my current economic status vs goal, odds of overcoming my current debt status in the near future dont seem to feasible. I will definitely recommend the this read for others to check out.

  17. I read about Infinity Group’s advice on debt consolidation on another page. It was quite informative because usually the advice is that consolidating is a good way to take care of various debts.

    I’m happy to see that the company is using their knowledge to help out beginners like myself!

  18. I would say its going to be a great step and help to the others from Infinity Group Australia. There are hundreds and thousands and more people we observe each day who are fighting against the debts due to the mistakes they did in the past due to the banking systems which offered easy money to anyone who is earning some or the other way.Now company like yours coming forward to help these people.Thank You

    1. wow.. wonderful really useful article but i want to say something. Graeme Holm has a career spanning in 17 years within financial services. He has completed accreditations across finance, real estate and financial planning. After almost a decade in the major 4 banking environment, Graeme became frustrated with only pushing one branded products and service offerings.

      Graeme was appalled when he learned that most families in Australia receive a poor deal from financial institutions directly. This provided him the inspiration and drive to start his company, Infinity Group Australia Pty Ltd., where he aims to fix and change the lives of Australians financially, one home at a time.

  19. wow wonderful really useful article i want to say somethin…… Graeme Holm has a career spanning in 17 years within financial services. He has completed accreditations across finance, real estate and financial planning. After almost a decade in the major 4 banking environment, Graeme became frustrated with only pushing one branded products and service offerings.

    Graeme was appalled when he learned that most families in Australia receive a poor deal from financial institutions directly. This provided him the inspiration and drive to start his company, Infinity Group Australia Pty Ltd., where he aims to fix and change the lives of Australians financially, one home at a time.

  20. That’s pretty strong, paying off more in three months on home loans than the 12 months prior, it sounds like Graeme is really dedicated to helping people manage their debt. I’m glad to see he eschews consolidation, I did this once before I really knew what I was doing and it messed me up pretty bad.

  21. Good Read. Debt Consolidation really does suck. Whats worse is that most (including Myself) don’t really understand the alternatives or repercussions. Like the article says getting out of debt is more about behavior than finding ways to wiggle around your debt. Reading these Graeme Holm blog posts has really changed and shaped the way I think about money.

  22. Very informative article. Very lucky to not have a lot of undergraduate debt right now. infinity Group Australia helps people with their financial goals. They are honest and tries to help people avoid debt consolidation. Graeme Holm and his team are getting people better deals. They are letting people know why they should avoid debt consolidation. This information has opened my eyes to see such great new opportunities now. I’m glad I came Across this. It will provide a much needed hope for people going through just about the same things as I am. Great job!

  23. Thanks for sharing the article about Graeme Holm and Infinity Group Australia on Debt Consolidation.It will provide a much needed hope for people going through just about the same things as I am. Great job!

  24. Thanks for sharing the article about Graeme Holm and Infinity Group Australia on Debt Consolidation.The kids are happier because we are happier, less stressed, have fun, and laugh again. So thank you Graeme and Infinity Group Australia for the system, the advice, and the hope.

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